The AUDCHF daily chart shows that the decline from Dec 2018 high to Jan 2019 low took the shape of a textbook five-wave impulse in wave (a) in red. . The Elliott Wave theory states that a three-wave correction in the opposite direction follows every impulse. In AUDCHF’s case, wave (b) in red looks like a w-x-y double zigzag retracement
1 Resistance level is : 0.7258
2 Resistance level is : 0.7269
3 Resistance level is : 0.7280
1 Supporting level is : 0.7231
2 Supporting level is : 0.7215
3 Supporting level is : 0.7206