AUDUSD Wave Analysis – 27 May, 2022
May 27, 2022 @ 18:29 +03:00
• AUDUSD broke resistance level 0.71000
• Likely to rise to resistance level 0.7250
AUDUSD currency pair recently broke the resistance level 0.7100 (which stopped the earlier minor wave A) intersecting with the 61.8% Fibonacci correction of the downward impulse 5 from the start of May.
The breakout of the resistance level 0.71000 accelerated the C-wave of the active ABC correction (2).
AUDUSD can be expected to rise further toward the next resistance level 0.7250 (top of wave 4 from the start of this month).