AUDCHF Wave Analysis 7 October, 2020
October 07, 2020 @ 17:33 +03:00
• AUDCHF reversed from support area
• Likely to rise to 0.6600
AUDCHF recently reversed up from the support area lying between the lower daily Bollinger Band, key support level 0.6500 and the 38.2% Fibonacci correction of the upward impulse (C) from May.
The upward reversal from this support area stopped the previous short-term corrective impulse wave (ii).
AUDCHF is likely to rise further toward the next resistance level 0.6600 (top of the previous short-term correction (ii)).