USD/CHF: price to test the Moving Averages
There's a bearish 'Engulfing', which has been confirmed. Also, the pair fixated below the 'Window', so we should watch the...
AUD/CHF reversed from powerful resistance level 0.7290
- AUD/CHF reversed from powerful resistance level 0.7290
- Next sell target - 0.7150
AUD/CHF continues to fall after the earlier downward reversal from the powerful resistance level 0.7290 (former major support level which had been reversing all downward impulse waves from the start of August, as can be seen from the daily AUD/CHF chart below). If the pair closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Evening Star.
AUD/CHF is expected to fall in the active intermediate impulse wave (3) toward the next sell target at the support level 0.7150.
Dmitry Chernovolov
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AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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