AUDUSD Wave Analysis – 9 February, 2022

• AUDUSD broke resistance level 0.715

• Likely to rise to resistance level 0.7300

AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys).

The breakout of the resistance level 0.715 coincided with the breakout of the 50% Fibonacci correction of the previous sharp impulse wave 1.

AUDUSD currency pair can be expected to rise further toward the next resistance level 0.7300 (target for the completion of the active wave 2).