EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
AUD/CHF reversed from support area
- 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.
Dmitry Chernovolov
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