Categories: Technical analysis

AUDUSD Wave Analysis – 21 September, 2022

• AUDUSD broke key support level 0.6700

• Likely to fall to support level 0.6600

AUDUSD currency pair recently broke the key support level 0.6700 (previous monthly low from July, which also reversed the pair earlier this month).

The breakout of the support level 0.6700 continues the (c)-wave of the intermediate B-wave from the start of last month.

Given the clear daily downtrend, AUDUSD can be expected to fall further toward the next support level 0.6600 (target for the completion of the active sub-impulse wave (i)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: AUDUSD

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