AUDCHF currency pair under the bullish pressure after the pair broke above the key resistance level 0.69270 (former multi-month high from October). and the 38.2% Fibonacci correction of the upward impulse from the start of this month . The breakout of the resistance level accelerated the active impulse waves 3 and (5).
Given the clear daily downtrend and the bearish euro sentiment – AUDCHF currency pair can be expected to rise further toward the next round resistance level 0.70000 (top of wave 2 from last July).
