AUDCHF Weekly Forex Forecast 5th November to 11th November by yshashmi37 on

Midterm forecast:

0.7100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/23/2018, so more gains to resistance(s) 0.7240, 0.7285, 0.7330 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 69.

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