AUDUSD Wave Analysis – 12 December, 2019

• 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).