What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF reached buy target 0.7670
2019-11-11 • Updated
- 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).
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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