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AUDCHF recently reversed up from the support area lying between the key support level 0.65000 (which has been repeatedly reversing the price from June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (C) from May. Given the moderately bullish Australian dollar sentiment seen across the currency markets today – AUDCHF is likely to rise further toward the next resistance level 0.67000 (which reversed the previous corrections A and (2)).
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