Technical analysis

AUDUSD Wave Analysis 30 December, 2020

AUDUSD Wave Analysis 30 December, 2020

• AUDUSD broke key resistance level 0.7640

• Likely to rise to 0,7800

AUDUSD recently broke above the key resistance level 0.7640 (top of the previous minor impulse wave (i) from the middle of December).

The breakout of the resistance level 0.7640 accelerated the active impulse waves (iii) and 3 – which belong to the sharp impulse wave (3) from the start of November.

AUDUSD is expected to rise further to the next resistance level 0,7800 (target price for the completion of the active impulse wave 3, intersecting with the upper channel line of the daily up channel from October).

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