LeoPrime Daily Market Analysis

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AUDCHF reversed from 0.66200 support area; Likely to rise to 0.66800

AUDCHF recently reversed up from the support area located between the key support level 0.66200 (low of the previous daily Hammer from the start of January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction (4) from August.Given the strong bearish Swiss Franc sentiment seen across the markets today – AUDCHF is likely to rise further toward the next resistance level 0.66800 (former strong support from October and November).

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