AUDCHF Wave Analysis – 14 November, 2019
November 14, 2019 @ 17:30 +03:00
- AUDCHF reversed from resistance area
- Likely to fall to 0,6650
AUDCHF recently reversed down from the combined resistance area lying between the resistance level 0.6850 (top of wave (A) from September), 200-day moving average and the upper daily Bollinger Band.
The downward reversal from this resistance area started the active short-term correction 2.
AUDCHF is expected to fall further toward the next support level 0,6650 (low of the previous wave(B) and the target for the termination of the active correction 2