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AUD/CHF reversed from support area

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  • AUD/CHF reversed from support area
  • Next buy target - 0.7380

AUD/CHF recently reversed up from the support area lying between the key support level 0.7270 (which has been reversing the price from the start of February) and the lower daily Bollinger Band. The upward reversal from the support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/CHF is expected to rise toward the next buy target at next resistance level 0.7380.

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