E USD/CHF And AUD/USD Are Looking Interesting - Elliott Wave Analysis

If from any reason dollar would turn aggressively higher this week, then we should look away from USD/JPY and EUR/USD and focus on USD/CHF or AUD/USD instead since they have a very interesting price action. If USD/CHF rallies back towards parity in impulsive fashion then this may turn from a very bearish price action into one of the potential buying opportunities.

USD/CHF, 1h

AUD/USD can be an even better choice if we consider that this one is already showing us signs of a top because of a five wave decline so weakness will be expected to resume after an A-B-C rally into wave 2), down from around 0.7300.

AUD/USD, 1h

 

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