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AUD/CHF reversed from support zone

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  • AUD/CHF reversed from support zone
  • Next buy target - 0.7400

AUD/CHF recently reversed up from the support zone lying between the support level 0.7280 (which has been steadily reversing the price from February, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone is likely to create the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7400 (former support from May).

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