AUDUSD Wave Analysis – 12 December, 2019
December 12, 2019 @ 17:47 +03:00
- AUDUSD broke resistance area
- Likely to rise to 0.6930
AUDUSD recently broke through the resistance area lying between the resistance level 0.6865 (top of the previous wave (a)) – intersecting with the resistance trendline of the daily down channel from last year.
The breakout of this resistance area accelerated the active short-term impulse wave 3 from the end of November.
AUDUSD is expected to rise further toward the next resistance level 0.6930 (top of the previous short-term impulse wave 1).