AUDUSD continues to fall inside the sharp impulse wave 3, which started earlier from the resistance area lying between the key resistance level 0.7050, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from April.
The active impulse wave 3 belongs to the intermediate downward impulse sequence (C) from the end of January.
AUDUSD is expected to fall further and retest the next support levels 0.6911 and 0.6850 (monthly low from May).
- 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…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
