AUD/CHF reversed from resistance zone

• AUD/CHF reversed from resistance zone
• Next sell target - 0.7280                                                                

AUD/CHF recently reversed down with the daily Bearish Engulfing from the combined resistance zone lying between the key resistance level 0.7400 (former strong support from the end of May), 38.2% Fibonacci correction of the previous downward impulse 1 and the upper daily Bollinger Band. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7280 (low of the previous impulse wave 1).

Dmitry Chernovolov

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