AUD/CHF falling minor impulse wave (iii)

AUD/CHF falling minor impulse wave (iii)

  • AUD/CHF falling minor impulse wave (iii)
  • Next sell target - 0.7150

AUD/CHF recently reversed down from the key resistance level 0.7420 (former powerful support level which stopped the previous intermediate impulse wave (1) at the start of November). The downward reversal from the resistance level 0.7420 started the active minor impulse wave (iii) which belongs to the intermediate impulse wave (3) from the middle of January.  AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7150 (multi-month low from June).


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The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...



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