AUDCHF recently reversed down from the resistance area lying between the resistance level 0.6790 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous ABC correction (B) from the middle of September. The downward reversal from the aforementioned resistance area stopped the previous impulse wave 3. Given the moderate negative sentiment affecting the Australian Dollar at the moment, AUDCHF is expected to fall further toward the next support level 0.6700 (low of the previous wave 2).
