Categories: Technical analysis

AUDCHF Wave Analysis – 2 April 2025

AUDCHF: ⬆️ Buy

– AUDCHF reversed from the support area

– Likely to rise to resistance level 0.5600

AUDCHF currency pair recently reversed up from the support area between the pivotal support level 0.5485 (which stopped the earlier impulse wave i at the start of March) and the lower daily Bollinger Band.

The upward reversal from this support area formed the daily Japanese candlesticks reversal pattern Hammer Doji.

Given the bullish divergence on the daily Stochastic indicator, AUDCHF currency pair can be expected to rise to the next resistance level 0.5600 (top of the previous correction ii).

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.

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Tags: AUDCHF

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