Technical levels of AUD/CAD
AUD/CHF broke support zone
- AUD/CHF broke support zone
- Next sell target - 0.7340
AUD/CHF continues to fall after the earlier breakout of the support zone lying at the intersection of the support level 0.7410 (which has been reversing the price from the end of April, as can be seen below) and the 50% Fibonacci correction of the previous upward wave (B) from March. The breakout of this support zone accelerated the active impulse wave 3. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7340.
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...