AUDCHF Wave Analysis – 1 June 2023

– AUDCHF reversed from key support level 0.5875

– Likely to rise to resistance level 0.6000

AUDCHF currency pair recently reversed up from the key support level 0.5875 (which has been steadily reversing the pair from the end of April).

The support level 0.5875 was strengthened by the lower daily Bollinger Band.

Given the bullish divergence on the daily Stochastic indicator, AUDCHF can be expected to rise further toward the next round resistance level 0.6000.