Technical analysis

AUDCHF Wave Analysis – 10 August, 2021

• AUDCHF reversed from support level 0.6650

• Likely to rise to resistance level 0.6800

AUDCHF currency pair recently reversed up from key support level 0.6650 (low of wave (ii) from December

), intersecting with the lower daily Bollinger band.

The upward reversal from the support level 0.6650 started the active medium-term impulse wave (C).

AUDCHF currency pair can be expected to rise further toward the next resistance level 0.6800 (previous minor reversal pivot from the end of July).

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