AUD/CHF Wave Analysis – 30 August , 2018

• AUD/CHF broke long-term support level 0.7140 • Further losses are likely AUD/CHF continues to fall inside the short-term impulse wave 3 – which recently broke through the long-term support level 0.7140 (which stopped the sharp downtrend in June of 2017, as can be seen below). The breakout of the support level 0.7140 accelerated the active short-term impulse wave 3 which belongs to the medium-term impulse sequence (3) from last May. AUD/CHF is expected to fall further and retest the next round support level 0.7000.