Technical analysis

AUDCHF Wave Analysis – 8 July, 2022

AUDCHF Wave Analysis – 8 July, 2022

• AUDCHF rising inside impulse wave (3)

• Likely to rise to resistance level 0.6750

AUDCHF currency pair continues to rise after the earlier upward reversal from the key support level 0.6510 (which has been reversing the pair from the end of January).

The upward reversal from the support level 0.6510 started the active intermediate impulse wave (3).

Given the strongly bullish Aussie sentiment, AUDCHF can be expected to rise further toward the next resistance level 0.6750.

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