AUD/CHF: Additional Debasement Awaited

 | Mar 24, 2015 05:42AM ET

The AUD/CHF has inclined following the shock from Swiss National Bank when it decided to abandon the currency peg of 1.2000 Swiss francs to 1.000 euro.

-The franc lost ground rapidly in the past two months against major currencies and AUD/CHF has corrected towards 0.7750 zones, which reside just below 76.4% Fibonacci of the wave from 0.8408 to 0.5983 as seen on the graph.