AUD/CHF reversed from resistance area

AUD/CHF reversed from resistance area

Next sell target - 0.7420 

AUD/CHF recently reversed down from the resistance area lying between the strong resistance level 0.7560  (which reversed earlier waves 3, (b), (C)), 61.8% Fibonacci correction of the previous downward impulse from January and the upper daily Bollinger Band. The downward reversal from this resistance area completed the previous medium-term correction (2). AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7420.

Dmitry Chernovolov

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