We're short on AUDCHF... AUD has been a little weak in the late last week trading session, and is now showing good signs of the weakness continuing.
In terms of our indications, price is bearish (4H).
The pattern we are trading is a bearish continuation ( Wedge)
The risk reward is very solid and the fact that price is rejecting the 61.8% of the fibs is...
Similar to the EURCHF, we can see price bouncing off a decending trendline and making the move lower
There is divergence on the lower timeframes which could indicate a fall on this pair as well
I believe we will see a break in support and a retest before a drop to support