What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF rising inside minor impulse wave 3
2019-11-11 • Updated
- AUD/CHF rising inside minor impulse wave 3
- Next buy target - 0.7620
AUD/CHF continues to rise inside the sharp minor impulse wave 3 – which earlier broke through the multiple consecutive resistance levels – 0.7400 (previous by target), 0.7460 (top of the previous minor correction (iv)), 50% Fibonacci correction of the previous downward ABC correction (2) from February, and most recently – the pair broke through 0.7520 (monthly high from June). AUD/CHF can then be expected to rise further to the next buy target at the next resistance level 0.7620 (top of the earlier wave (ii) from May).
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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