AUD/CHF reversed from resistance zone

AUD/CHF reversed from resistance zone

  • AUD/CHF reversed from resistance zone
  • Next sell target - 0.7270

AUD/CHF has been falling sharply in the last 2 trading sessions – following the earlier downward reversal from the resistance zone lying at the intersection of the key resistance level 0.7490 (previous powerful support level which stopped earlier waves (iv), a and (iii), as can be seen below) and the 61.8% Fibonacci correction of the previous upward impulse 1 from December (acting as resistance after it was broken).

AUD/CHF is expected to fall to the next sell target at the next resistance level 0.7270 (multi-month low from last December).

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