AUD/CHF reversed from resistance zone Next sell target - 0…
GBP/AUD rising inside sharp C-wave
- GBP/AUD rising inside sharp C-wave
- Next buy target - 1.7780
GBP/AUD continues to rise inside the sharp minor impulse wave (iii) - which previously broke above the key resistance level 1.7210 (which stopped earlier wave A and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.7210 accelerated the active minor impulse wave (iii) and iii – both of which below to the sharp C-wave from the middle of March.
GBP/AUD is expected to the next buy target at the next resistance level 1.7780 (top of the previous minor B-wave from last September).
The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the Bulls are ready to continue local uptrend up to SSB-levels.
NZD/USD broke support zone Next sell target - 0…