0
0
November 05, 2020 at 03:42PM
• AUDCHF broke daily down channel
• Likely to rise to 0.6700
AUDCHF recently broke the resistance trendline of the narrow daily down channel from the start of September – continueing the earlier upward reversal from the powerful support level 0.6400.
The breakout of this daily down channel accelerated the (c)-wave of the active minor ABC correction 2.
AUDCHF is likely to rise further toward the next resistance level 0.6700 (former monthly high from June and from September and the likely price for the termination of the active ABC correction 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audchf-analysis-05-november-2020-20201105/
Selected by fonecable.com
Search Web: AUDCHF Analysis 05 November, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Average Rating