Market Snapshots

AUDCHF Wave Analysis – 21 July, 2020

AUDCHF Wave Analysis – 21 July, 2020

• AUDCHF broke resistance area

• Likely to rise to 0.6735

AUDCHF recently broke the resistance area lying between the resistance level 0.6615 (which has been reversing the price from the middle of June) and the 61.8% Fibonacci correction of the previous wave (B).

The breakout of this resistance area continues the active impulse waves 3 and (C).

AUDCHF is likely to rise further toward the next resistance level 0.6735 (former monthly top from the start of June, which stopped the previous wave (A)).

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