Currently, we can see a strong BEARISH candle for AUDCHF bringing price towards our EMA. After failing to reject from our MA, EMA could be a possible level to watch. As of now, waiting for the confirmation candle to trigger us will be a good option. Having said that, if today's candle do not break the support level at 0.7055, BEARISH breakout will be less likely to happen. Some common misconception among us will be that there is a "H&S Pattern". If we look closely, the head will not be valid to consider this a H&S. With that, I am leaning towards a BULLISH climb to 361.8% fib level and potentially 461.8% fib level.
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