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 - 0.7710

AUD/CHF continues to rise after the earlier upward reversal from the support area lying between the support level 0.7600 (former resistance level from December), support trendline of the daily up channel from September (acting as support after was broke previously) and the 38.2% Fibonacci correction of the previous upward impulse 1. The upward reversal from this support area started the active impulse wave 3. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7710.

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