What happened? It looks like the decline in EUR/CHF to 1…
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).
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.