AUD/CHF testing Fibonacci 23.6% 0.64000

Looking at the chart we see two peaks and a consolidation after that. The current pullback is to a fibo level of 23.6% around 0.64100. Overall there is a critical level for this pair. if we break down we go down to 0.62100 fibo level 38.2% otherwise we need to break the falling trend line to continue up and the new Higher high. In Australia, cases of coronavirus are at a minimum, but globally the number of infected people in the world is growing and CHF is gaining strength.
Australia’s closed borders are also a burden on the Australian dollar, as is China’s boycott of Australia’s coal imports.
For today we have economic news for the Swiss franc Trade balance which is weaker than planned but the CHF is still strong, while tonight we will have Australian news about the Leading Index which is likely to be bad and confirm the weaknesses of the Australian dollar.