Categories: Technical analysis

AUDCHF Wave Analysis 18 February, 2021

• AUDCHF reversed from support level 0,6910

• Likely to rise to 0,7000.

AUDCHF recently reversed up from the support level 0,6910 (former resistance from the middle of January, acting as the support after it was broken previously).

The upward reversal from the support level 0,6910 continues the active short-term impulse wave 3  which belongs to wave (3) from the end of June.

Given the continued outflows from the Swiss franc on improved global risk sentiment- AUDCHF can be expected to rise further toward the next resistance level 0,7000.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDCHF

Recent Posts

AUDUSD Wave Analysis – 24 December 2025

AUDUSD: ⬆️ Buy - AUDUSD broke key resistance level 0.6690 - Likely to rise to…

2 days ago

Tron Wave Analysis – 24 December 2025

Tron: ⬇️ Sell - Tron reversed from resistance zone - Likely to fall to support…

2 days ago

Stellar Wave Analysis – 24 December 2025

Stellar: ⬇️ Sell - Stellar reversed from pivotal resistance level 0.2200 - Likely to fall…

2 days ago

USDCHF Wave Analysis – 24 December 2025

USDCHF: ⬇️ Sell - USDCHF broke support level 0.7885 - Likely to fall to support…

2 days ago

Precious metals rewarded for success

The US dollar is falling as a safe-haven asset amid growing risk appetite. Gold is…

2 days ago

Crypto market: the punchline is coming soon

Market Overview The crypto market cap declined 1.7% over the past day and 15% or…

2 days ago

This website uses cookies