AUDCHF ABOUT TO GET A LOT WORSE?

Again, after looking at the AUDCAD pair, AUDCHF is not looking too hot either.

Price has been rejected from the upper channel and is now hitting minor support at point 1. If we break below point 1 then the next major support is at point 2.

IF point 2 also breaks, then there could be a lot more downside to come. My target will be around 0.6622