AUDCHF Wave Analysis 22 February, 2021

• AUDCHF broke resistance level 0.6940

• Likely to rise to 0.7150

AUDCHF continues to rise after the pair broke above the resistance level 0.6940 (which stopped the previous short-term impulse wave 1 at the start of February).

The breakout of the resistance level 0.6940 accelerated the active impulse wave 3 – which then broke the daily up channel from October.

AUDCHF can be expected to rise further toward the next resistance level 0.7150 (forecast price for the completion of the active impulse wave 3).