GBP/USD: local bullish correction is underway
The pair is likely going to reach the nearest support at 1.2957 - 1.2938 in the short term. This area could be a starting point for...
AUD/CHF broke daily down channel
- AUD/CHF broke daily down channel
- Next buy target - 0.7460
AUD/CHF continues to rise inside the sharp minor impulse wave 3 – which started earlier form the key support level 0.7290 (which has been repeatedly reversing the price from last year, as can be seen below), The price recently broke the resistance trendline of the daily down channel from March – which accelerated the active impulse waves 3 and (3). AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7460 (top of the previous minor correction (iv) and the target price for the completion of the active impulse wave 3).
Dmitry Chernovolov
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