– AUDUSD broke multi-month resistance level 0.6860
– Likely to rise to resistance level 0.7050
AUDUSD currency pair recently broke above the strong multi-month resistance level 0.6860, which stopped the sharp wave A at the end of last year.
The breakout of the resistance level 0.6860 accelerated the C-wave of the extended ABC correction (2) from 2023.
Given the continuation of the bearish US dollar sentiment, AUDUSD currency pair can be expected to rise further to the next resistance level 0.7050 (target price for the completion of the active C-wave).
- Gold reversed from support level 2625.00 - Likely to rise to resistance level 2685.00…
- EURUSD broke key support level 1.1085 - Likely to fall to support level 1.1000…
Market picture The cryptocurrency market shed a further 0.7% of its capitalisation in 24 hours…
Inflation in Germany and Italy is slowing faster than expected, setting the stage for a…
The crypto market started the week on a defensive note, losing 1.2% of its cap…
- USDCHF reversed from strong support level 0.8400 - Likely to rise to resistance level…
This website uses cookies