AUD/CHF broke strong support zone

AUD/CHF broke strong support zone

2019-11-11 • Updated

  • AUD/CHF broke strong support zone
  • Next sell target - 0.7370
  •  

AUD/CHF continues to fall after the earlier sharp breakout of the strong support zone lying between the pivotal support level 0.7480 (which also reversed the previous waves 4 and (A), as can be seen below ) and the 61.8% Fibonacci correction of the previous sharp upward impulse from December. The breakout of this support accelerated the active minor impulse wave 3, which belongs to wave (C) from March. 

AUD/CHF is expected to fall to the next sell target at the next support level 0.7370 (target price for the completion of the active impulse wave 3).

 

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