The currency ended the year with a loss greater than 10.0% however in the last week of the year rallied more than 1.5%.
Last week the AUDCHF rallied with a wide range and closed near the high of the week, also closing above previous week high, suggesting a strong bullish momentum.
The Stochastic is showing a bullish momentum and is above the 50 mid line.
The AUDCHF is in a potential phase change, going from a warning to a bullish phase since the end of December 2015.
Expecting an upward move to a weekly resistance at 0.7721 on a break above of previous week high at 0.7312 (scenario 1) or a bounce of a weekly support at 0.7073 may push the pair up to the last swing high at 0.7538 (scenario 2).