LeoPrime Daily Market Analysis

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AUDCHF reversed from support zone; Likely to reach resistance level 0.72400.

AUDCHF currency pair recently reversed up from the support zone located between the support level 0.71000 (which has been reversing the price from the start of March), lower daily Bollinger Band and the support trendline of the daily up channel from the end for October. Given the predominant daily uptrend and the continued Australian dollar bullishness seen across the currency markets today – AUDCHF currency pair can be expected to rise further toward the next resistance level 0.72400 (top of the previous impulse waves 1 and (i)).

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