Technical levels of AUD/CAD
GBP/CHF broke support level 1.2640
- GBP/CHF broke support level 1.2640
- Next sell target - 1.2500
GBP/CHF continues to fall after the earlier breakout of the support level 1.2640 (previous powerful resistance level from January and February). The breakout of the support level 1.2640 was preceded by the breakout of the support trendline of the daily up channel from March – which accelerated the active minor ABC correction (ii) from the powerful resistance level 1.3050.
GBP/CHF is expected to fall to the next sell target at the support level 1.2500 (target price for the completion of the active wave (ii)).
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...