AUD/CHF broke key support level 0.7600

AUD/CHF broke key support level 0.7600

  • AUD/CHF broke key support level 0.7600
  • Next sell target - 0.7500

AUD/CHF recently broke through the key support level 0.7600 (low of the B-wave of the previous ABC correction (2) from the end of November), which was set as the sell target in our earlier forecast for this currency pair. The breakout of the support level 0.7600 accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from last week. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7500.


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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