After a spectacular rally for the past few months, it seems that the upward move of AUDCHF is exhausted.
There is a classical double top being formed. It is not forming a higher high and the 8/21 EMA is heading down and crossing soon.
The inside bar set-up with a pin bar is the type I like best. After a bearish downward move, it tries to go back up but failed eventually thus having a upper shadow, which formed a pin bar. The price action is telling me that it is rejecting higher price.
One could enter a short position upon breaking the low of the mother bar.
The support is at around 0.9940. We will see if it will reach that support area.