AUD/CHF Market Outlook for Apr 6, 2016
A daily chart of the pair’s quotes is provided below. 
The quotes are trading in a broad range. Earlier on, the breakout of a local resistance near the mark of 0.7280 allowed the quotes to continue to move north, but only up to last year’s high. Near the 0.7550 here, the ascent paused. The quotes started consolidating in the range of 0.7550-0.7280. The day before, the buyers failed to hold on to the level 0.7280, leading to its breakout and a return of the quotes into the range of 0.7280-0.7040. This way, from the technical standpoint, a further decline into said range with the potential to test its lower bound is suggesting itself. The area of the 0.7280 mark will be used for sells in case of a local upward bounce in the quotes. The analysis above does not constitute direct trading instructions, as certain entry formations are used near levels. The analysis is of purely informative nature.
The quotes are trading in a broad range. Earlier on, the breakout of a local resistance near the mark of 0.7280 allowed the quotes to continue to move north, but only up to last year’s high. Near the 0.7550 here, the ascent paused. The quotes started consolidating in the range of 0.7550-0.7280. The day before, the buyers failed to hold on to the level 0.7280, leading to its breakout and a return of the quotes into the range of 0.7280-0.7040. This way, from the technical standpoint, a further decline into said range with the potential to test its lower bound is suggesting itself. The area of the 0.7280 mark will be used for sells in case of a local upward bounce in the quotes. The analysis above does not constitute direct trading instructions, as certain entry formations are used near levels. The analysis is of purely informative nature.
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