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AUDCHF Wave Analysis 1 December, 2020

AUDCHF Wave Analysis 1 December, 2020

• AUDCHF reversed from major resistance level 0.6700

• Likely to fall to 0.6600

AUDCHF continues to fall after the pair failed to break above the multi-month resistance level 0.6700 (which has been reversing the pair from June) – standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 0.6700 started the active medium-term downward impulse wave (3).

AUDCHF is expected to fall further toward the next support level 0.6600 (low of the daily Morning Star from the start of November).

AUDCHF Wave Analysis 1 December, 2020


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