0
0
January 05, 2021 at 03:36PM
• AUDCHF reversed from pivotal support level 0.6735
• Likely to rise to 0.6825
AUDCHF recently reversed up from the pivotal support level 0.6735 (former powerful resistance from January, June and December of 2020 – as can be seen below).
The upward reversal from the support level 0.6735 started the active short-term upward impulse wave (iii) – which belongs to the impulse wave 3 from the start of December.
Given the predominant uptrend – AUDCHF is expected to rise further toward the next resistance level 0.6825 (which stopped the previous short-term impulse wave (i)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audchf-wave-analysis-5-january-2021-20210105/
Selected by fonecable.com
Search Web: AUDCHF Wave Analysis 5 January, 2021
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?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating