The Australian dollar has been losing value against the USD. How low may it go?
AUD/CHF reversed from resistance zone
2019-11-11 • Updated
- AUD/CHF reversed from resistance zone
- Next sell target - 0.7180
AUD/CHF recently reversed down from the resistance zone lying between key resistance level 0.7280 (former powerful support from July) and the 38.2% Fibonacci retracement of the previous sharp downward impulse from July. The downward reversal from this resistance zone started the active short-term impulse wave (v). AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7180 (which reversed the price earlier this month).
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