AUDUSD recently broke the support trendline of the narrow daily up channel from the middle of May (which has enclosed the previous short-term correction (ii)).
The breakout of this up channel should accelerate the active impulse wave 3 – which belongs to the extended downward impulse wave (C) from January.
AUDUSD is expected to fall further and retest the next key support level 0.6870 (monthly low from the middle of May).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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