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 - 0.7380
AUD/CHF recently reversed up from the support area lying between the key support level 0.7270 (which has been reversing the price from the start of February) and the lower daily Bollinger Band. The upward reversal from the support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/CHF is expected to rise toward the next buy target at next resistance level 0.7380.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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