What happened? It looks like the decline in EUR/CHF to 1…
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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