AUDCHF continues to rise inside the short-term correction 2 – which started earlier from the support area lying between the support level 0.65000 (which has been reversing the price from June) and the 38.2% Fibonacci correction of the upward price impulse (C) from May. Given the predominantly bearish Swiss franc sentiment seen across the currency markets today – AUDCHF is likely to extend the gains toward the next resistance level 0.67000 (top of the previous correction (2) and the target for the completion of wave 2).
AUDCHF reversed from support area 0.65000; Likely to rise to 0.67000
![](https://analysis.leoprime.com/wp-content/uploads/2020/08/AUDCHF-Primary-Analysis-Aug-07-1503-PM-1-day-2-1200x548.png)