AUDCHF Wave Analysis – 16 March, 2022

• AUDCHF reversed from support level 0.6730
• Likely to rise to 0.6860

AUDCHF currency pair recently reversed up from the key support level 0.6730 (which has been reversing the pair from the start of this month).

The support zone near the support level 0.6730 was strengthened by the 38.2% Fibonacci correction of the upward impulse from February.

AUDCHF currency pair can be expected to rise further toward the next resistance level 0.6860 (which stopped the previous wave (C)).