The AUDCHF moves in a downward trend, where in September the minimum around 0.6880 was set. There, too, is currently the key support, from which the rebound resulted in the correction of the last impulse.
As can be seen in the daily chart below, the quotations in the correction are supported by the trend line running from the low from September 14 this year. Last Friday we witnessed another test of this support, which turned out to be successful.
Currently, the overcome resistance is tested as support, and yesterday’s breakout opens the way for further increases, where the area near 0.7280 seems crucial. It was from this level that a dynamic sell-off to this year’s low began, and earlier it also acted as a support.