AUDUSD Wave Analysis – 28 August, 2020
August 28, 2020 @ 17:51 +03:00
• AUDUSD broke resistance level 0.7250
• Likely to rise to 0.7400
AUDUSD recently broke sharply above the resistance level 0.7250 (which stopped the two previous impulse waves (5) and (1) – as can be seen from the daily AUDUSD chart below).
The breakout of the resistance level 0.7250 accelerated the active medium-term upward impulse wave (3).
AUDUSD is expected to rise further toward the next resistance level 0.7400 (projected price for the completion of the active impulse wave (3))