AUDCHF Wave Analysis 1 December, 2020
December 01, 2020 @ 18:24 +03:00
• AUDCHF reversed from major resistance level 0.6700
• Likely to fall to 0.6600
AUDCHF continues to fall after the pair failed to break above the multi-month resistance level 0.6700 (which has been reversing the pair from June) – standing near the upper daily Bollinger Band.
The downward reversal from the resistance level 0.6700 started the active medium-term downward impulse wave (3).
AUDCHF is expected to fall further toward the next support level 0.6600 (low of the daily Morning Star from the start of November).