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).

Similar

EUR/USD: bullish wave [iii]

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later