It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
AUD/CHF rising inside minor impulse wave 3
- AUD/CHF rising inside minor impulse wave 3
- Next buy target - 0.7780
AUD/CHF recently reversed up from the support area lying at the intersection of the pivotal support level 0.75800 (low of the previous minor correction (ii)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from July. The upward reversal from this support zone started the active minor impulse wave 3. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7780 (which stopped previous impulse waves (1) and 1).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…