What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF broke key support level 0.7600
2019-11-11 • Updated
- 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.
Similar
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Latest news
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone