• AUDCHF broke daily down channel
• Likely to rise to 0.6700
AUDCHF recently broke the resistance trendline of the narrow daily down channel from the start of September – continueing the earlier upward reversal from the powerful support level 0.6400.
The breakout of this daily down channel accelerated the (c)-wave of the active minor ABC correction 2.
AUDCHF is likely to rise further toward the next resistance level 0.6700 (former monthly high from June and from September and the likely price for the termination of the active ABC correction 2).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies