It's likely that the price is going to reach the nearest resistance at 1.2851 - 1.2877. This area could be a departure point for a decline...
AUD/CHF reached sell target 0.7270
- AUD/CHF reached sell target 0.7270
- Next buy target - 0.7320
AUD/CHF today reversed up from the support zone lying between the powerful support level 0.7270 (previous sell target, which has been steadily reversing the price from last August - as can be seen from the daily AUD/CHF chart below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave (iii).
Given the deeply oversold reading on the daily Stochastic indicator - AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7390.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…