The AUD/CHF has made a bounce following a positive correlation with the AUD/USD as I already show you in my previous AUD analysis.

The AUD/CHF has reached D H3, double BB confluence and ATR pivot. Today it’s Friday so we might see a counter trend move that might happen as a profit taking. Rejections from 0.7085-0.7100 could provide additional momentum towards 0.7065 and if the price goes below it, we should see 0.7035 and 0.7010.

However, a close above 0. 7010 could prove additional bullish momentum towards 0.7140.

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The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces. One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective. As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication. The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit 1from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions. In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan - on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.


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