AUD/CHF reached buy target 0.7320

AUD/CHF reached buy target 0.7320
Next buy target - 0.7520

AUD/CHF continues to rise steadily – after the earlier breakout of the resistance level 0.7320, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 0.7320 accelerated the active minor corrective wave (ii) – which started earlier from the key multi-month support level 0.7270 (which has been reversing the price from last year).

AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7520 (previous resistance level, which reversed the price earlier this month).

aud - australian dollar

chf - swiss franc

Similar

17.08.2021 14:08 SNB Won't Let EUR/CHF Fall

What happened? It looks like the decline in EUR/CHF to 1…

02.06.2021 11:54 Aussie Selloff Ahead?

AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.

27.05.2021 13:23 USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Latest news

03.04.2024 18:19 USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

28.03.2024 16:00 WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.