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AUDCHF Wave Analysis – 14 November, 2019

  • AUDCHF reversed from resistance area
  • Likely to fall to 0,6650

AUDCHF recently reversed down from the combined resistance area lying between the resistance level 0.6850 (top of wave (A) from September), 200-day moving average and the upper daily Bollinger Band.

The downward reversal from this resistance area started the active short-term correction 2.

AUDCHF is expected to fall further toward the next support level 0,6650 (low of the previous wave(B) and the target for the termination of the active correction 1573743973

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