AUD/CHF rising inside minor impulse wave 3

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).

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