• AUDUSD broke resistance level 0.7050
• Likely to rise to resistance level 0.7150
AUDUSD currency pair recently broke the key resistance level 0.7050 (top of the earlier wave A from the start of August).
The breakout of the resistance level 0.7050 coincided with the breakout of the Fibonacci cluster made out of the 50% Fibonacci correction of the downward impulse from April and the 38.2% Fibonacci correction of the downward wave from June.
AUDUSD can be expected to rise further toward the next resistance level 0.7150 (target price for the completion of the active impulse wave (i)).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
This website uses cookies