AUD/CHF reached buy target 0.7670

AUD/CHF reached buy target 0.7670

  • AUD/CHF reached buy target 0.7670
  • Next buy target - 0.7780

AUD/CHF recently corrected down after reaching the resistance level 0.7670 (which reversed the previous minor correction (b) and which was set as the buy target in our earlier forecast for this currency pair). The pair today resumed the upward movement in line with the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of August. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7780 (top of the earlier waves (1) and 1).


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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