AUD/CHF broke support zone

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.

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