We discuss both sides of the coin behind a potential sell opportunity for AUDCHF on the weekly timeframe (pros and cons). From a technical perspective, the ceiling at 0.7500  has provided price with a convenient turning point and the doji bar formed on the weekly chart (two weeks ago) does reflect indecision at the10-month high. Moreover, last week’s inside bar has further confirmed this indecision. If price action breaks below the low of the doji bar then we have confirmation to potentially sell (at the top of a range) in a move that is consistent with the prevailing downtrend.

Alas, the technical argument behind this trend following idea does conflict with the fundamental one as you will discover in the below video. However, for those of you who are more seasoned in trading financial markets, correlations can and do breakdown in addition to divergences between the technical argument and the fundamental one too.

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