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AUDCHF reversed from support area; Likely to rise to 0.65000

AUDCHF recently reversed up from the support area lying between the key support level 0.65000 (which has been reversing the price from June), lower daily Bollinger Band and the 32.8% Fibonacci correction of the previous upward impulse from the start of May. Given the bullish Australian dollar sentiment seen across the FX markets today, AUDCHF is likely to rise further toward the next resistance level 0.65000 (top of the previous corrective wave (ii) from the end of last month).

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