AUDCHF currency pair recently reversed up from the support area located between the key support level 0.67500 (which has been revrsign the price from the start of this month), upper trendline of the recently broken up channel from December and the 38.2% Fibonacci correction of the upward impulse from February. The upward reversal from this support area started the active impulse wave 5.

With the strongly bullish AUD sentiment seen across the currency markets today, AUDCHF currency pair can be expected to rise further toward the next resistance level 0.68550 (top of the previous waves 3 and (b)).