Technical levels of AUD/CAD
AUD/CHF broke resistance area
- AUD/CHF broke resistance area
- Next buy target - 0.7710
AUD/CHF continues to rise inside the accelerated impulse wave 3, which earlier broke through the resistance area lying at the intersection of the resistance level 0.7600 (top of the previous impulse wave (i)), resistance trendline of the daily down channel from September and the 61.8% Fibonacci correction of the previous impulse wave C. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7710 (top of the previous waves B and (ii)).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...