Market Snapshots

AUDCHF Wave Analysis 19 November, 2020

AUDCHF Wave Analysis 19 November, 2020

• AUDCHF under bearish pressure

• Likely to fall to 0.6600

AUDCHF under bearish pressure after the pair failed to break above the major resistance level 0.6700 (which has reversed the price multiple times from June).

The downward reversal from the resistance level 0.6700 stopped the previous minor ABC correction 2 from the middle of October.

AUDCHF is likely to fall further toward the next support level 0.6600 (former key resistance level from last month).

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