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