Since November, the AUD/CHF exchange rate has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that a breakout south from the predetermined pattern could occur in the nearest future. In this case the currency pair could target the Fibo 38.20% at 0.6433.
Meanwhile, note that the exchange rate is supported by the 55-, 100– and 200-period moving averages in the 0.6715/0.6800 range. Thus, some upside potential could continue to prevail in the market.
