GBP/USD: 'V-Bottom' pushing price higher
We've got a 'Pennant', so the pair is likely going to reach the nearest resistance at 1.3216 - 1.3257. A pullback from this area could be...
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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