AUD/CHF reversed from support area

AUD/CHF reversed from support area

2019-11-11 • Updated

  • AUD/CHF reversed from support area
  • Next buy target - 0.7670

AUD/CHF continues to rise after the earlier upward reversal from the support area lying between the key support level 0.7580 (which stopped the previous (a)-wave at the end of September, as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci retracement of the previous upward impulse from July. The upward reversal from this support area stopped the earlier minor impulse wave (c). AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7670 (top of wave (b)).

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