Tecnically speaking the AUD/CHF has reached a major support level known to many.
But also technically and historically the AUD/CHF has made a few major downward spikes before returning to its current level on the monthly chart.
Considering that the global financial situation now is on a low risk aversion and the history that Uncle Sam never failed to settle their previous disputes in a horrible manner.
I strongly believe safe havens like JPY , GOLD and CHF will continue to strenghten.
Including the last morubozu candlestick on the monthy chart, I also believe banks will provide liquidity for the many traders longing at this support before ending the month and continuing the major move.
A direct short now has no good R:R and a long would be crushed by the spike.
So, my saffest bet is to place buy limit order at 0.6077 where the price has historically spiked with a relevant SL and a TP at the current price level.
If not, I would just hedge this untill I see a logical price action on the monthly time frame.
Or the saffest move is maybe just to be on the fence.
Just my 2 cent, GL.