Market Snapshots

AUDCHF Wave Analysis – 14 November, 2019

AUDCHF Wave Analysis – 14 November, 2019
  • AUDCHF reversed from resistance area
  • Likely to fall to 0,6650

AUDCHF recently reversed down from the combined resistance area lying between the resistance level 0.6850 (top of wave (A) from September), 200-day moving average and the upper daily Bollinger Band.

The downward reversal from this resistance area started the active short-term correction 2.

AUDCHF is expected to fall further toward the next support level 0,6650 (low of the previous wave(B) and the target for the termination of the active correction 2

 

Article Rating