AUDCHF confirmed a lower high on the daily chart this past week and closed on Friday at .6595. While the risk for the shorts will come above the more recent high at .6672, an opportunity to enter this trade may appear near the .6630 zone before heading to the short term target at .6475.
For this trade to follow through lower, it will need to have a daily close below .6590 in order to pick up momentum.
Initial weekly dynamic resistance appears at .6625/35 and dynamic support at .6560/50.