What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF broke resistance area
2019-11-11 • Updated
- 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)).
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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.
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