I will be looking in the daily chart for AUDCHF movement. As we can see, monthly candle started off with a nice rejection off 0.6694 (yellow area) with a nice BEARISH start to the month. This gives us a outlook of AUDCHF potentially moving back if we see a BEARISH breakout. However, for that to occur, I will be first looking at the 50.0 - 61.8 fib level where I will like to see a strong BEARISH breakthrough followed by it moving back in trend. As of now, I am seeing a good potential for AUDCHF to travel all the way down but do take note of price movement. If we were to see a BULLISH rejection at 50.0 - 61.8 fib level (Red resistance zone), we should adapt accordingly.
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