Categories: Technical analysis

AUDUSD Wave Analysis – 8 November, 2022

• AUDUSD broke key resistance level 0.6500

• Likely to rise to resistance level 0.6700

AUDUSD currency pair recently broke the key resistance level 0.6500 (which has been reversing the price from the end of September), intersecting with the 38.2% Fibonacci correction of the downward impulse from August.

The breakout of the resistance level 0.6500 accelerated the active impulse waves i and (c), which belong to the ABC retracement 2 from the middle of October.

AUDUSD currency pair be expected to rise further toward the next resistance level 0.6700 (former multi-month support from July).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDUSD

Recent Posts

AUDJPY Wave Analysis – 5 December 2025

AUDJPY: ⬆️ Buy - AUDJPY broke long-term resistance level 102.30 - Likely to rise to…

14 minutes ago

Aptos Wave Analysis – 5 December 2025

Aptos: ⬇️ Sell - Aptos testing major support at 1.688 - Likely to fall to…

15 minutes ago

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

6 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

7 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

7 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

11 hours ago

This website uses cookies