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FxPro Analysis: AUD/CHF Wave Analysis – 30 Aug, 2018

AUD/CHF broke long-term support level 0.7140
• Further losses are likely

AUD/CHF continues to fall inside the short-term impulse wave 3 – which recently broke through the long-term support level 0.7140 (which stopped the sharp downtrend in June of 2017, as can be seen below).

The breakout of the support level 0.7140 accelerated the active short-term impulse wave 3 which belongs to the medium-term impulse sequence (3) from last May.

AUD/CHF is expected to fall further and retest the next round support level 0.7000.

AUDCHF3 - 1 - Aug-30 1845 PM (1 day)

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