AUDUSD Wave Analysis – 16 December, 2021

• AUDUSD broke resistance level 0.7165

• Likely to rise to resistance level 0.7300
AUDUSD currency pair recently broke the key resistance level 0.7165 (which stopped the previous minor impulse waves 1 and 4).

The breakout of the resistance level 0.7165 accelerated the active short-term impulse wave 3.

AUDUSD can be expected to rise further toward the next resistance level 0.7300 (former minor support from November and the target for the completion of the active short-term impulse wave 3).