AUD/CHF potential for a rebound.

Looking at the chart we can see we are in a descending wedge that has been tested multiple times. I believe on good market news we will stabilise and go up to test previous key zone. Alternative scenario is a test and a failure to push upwards as indicated by the forecast arrows on the chart. If this happens we can consider a Short position. Market is chasing sentiment so we need to pay close attention to market news coming out. Covid Woes in the pacific need to subside for a push higher.

All TP and SL scenarios indicated on chart. This is not financial advice.