AUDCHF currency pair recently broke the support area lying between the key support level 0.68720 (which has been reversing the price from last February) and the 61.8% Fibonacci correction of the upward price impulse from the middle of December – accelerating the active impulse waves 3 and (3). Given the powerful Swiss franc bullishness seen across the FX markets today – AUDCHF currency pair can be expected to fall further toward the next support level 0.67500 (low of the previous correction 4 from the end of January).
