Technical levels of AUD/CAD
EUR/CHF broke support area
- EUR/CHF broke support area
- Next sell target - 1.1550
EUR/CHF recently broke through the support zone lying between the strong support level 1.1650 (low of the previous minor correction 4 from March), support trendline of the daily up channel from last year and the 61.8% Fibonacci correction of the previous sharp upward impulse (C) from February. The breakout of this support area continues the active impulse waves 1 and (C). EUR/CHF is expected to fall further toward the next sell target at next support level 1.1550.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...