AUDCHF has been falling sharply in the last few trading sessions – breaking through the support trendlines of the two different- length daily down channels from November and also from the start of 2018. The breakout of these down channels accelerated the active impulse waves (v), 3 and (C). Given the strong daily downtrend and the predominantly bearish Australia dollar sentiment seen today – AUDCHF is expected to fall further toward the next support level 0.62000 (forecast price for the completion of the active impulse wave 3).
