The USD/CHF continues it's march south as the recent trend line holds, and various moving averages are showing the serious down trend as well. The pair looks bearish, and it makes sense as the world runs for cover in uncertain times - buying the Franc. The AUD/USD has formed a nice hammer at the 1.05 support area. The pair could continue its fall, but the reality is that it is still in an uptrend no matter how you slice it. Because of this, we are looking for buying opportunities.
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