AUD/CHF broke daily down channel

AUD/CHF broke daily down channel
Next buy target - 0.7460

AUD/CHF continues to rise inside the sharp minor impulse wave 3 – which started earlier form the key support level 0.7290 (which has been repeatedly reversing the price from last year, as can be seen below), The price recently broke the resistance trendline of the daily down channel from March – which accelerated the active impulse waves 3 and (3). AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7460 (top of the previous minor correction (iv) and the target price for the completion of the active impulse wave 3).

aud - australian dollar

chf - swiss franc

Similar

17.08.2021 14:08 SNB Won't Let EUR/CHF Fall

What happened? It looks like the decline in EUR/CHF to 1…

02.06.2021 11:54 Aussie Selloff Ahead?

AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.

27.05.2021 13:23 USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Latest news

03.04.2024 18:19 USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

28.03.2024 16:00 WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.