AUD/CHF: buy targets - 0.7200 and 0.7300
By: Dmitriy Chernovolov
- AUD/CHF rising inside minor wave 2
- Next buy targets - 0.7200 and 0.7300
AUD/CHF continues to rise inside the second minor corrective wave 2 – which started earlier – when the pair reversed up from the support zone lying between the support level 0.6870, lower daily Bollinger Band, 61.8% Fibonacci Correction of the previous sharp primary wave ② from August and the support trendline of the daily down channel from December.
Having recently broken the aforementioned down channel - AUD/CHF is likely to rise further from the current levels toward the next buy targets at the resistance levels 0.7200 and 0.7300 (top of previous wave (2)).