AUD/CHF falling inside impulse wave (3)

AUD/CHF falling inside impulse wave (3)

  • AUD/CHF falling inside impulse wave (3)
  • Next sell target - 0.7050

AUD/CHF continues to fall inside the sharp medium-term impulse wave (3) - which recently broke below the major support level 0.7150 (which stopped the sharp downtrend in the middle of 2017, as can be seen from the weekly AUD/CHF chart below). The breakout of the support level 0.7150 accelerated the active impulse wave (3). AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7050.

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