Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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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