Categories: Technical analysis

EURAUD Wave Analysis 15 August 2023

– EURAUD reversed from support level 1.6770

– Likely to rise to resistance level 1.6930

EURAUD currency pair recently reversed up from the pivotal support level 1.6770 (former multi-month high from April).

The upward reversal from the support level 1.6770 continues the minor impulse waves v and 3, which belong to the intermediate impulse wave (C) from June.

Given the clear daily uptrend, EURAUD can be expected to rise further toward the next resistance level 1.6930, target for the completion of the active impulse waves v and 3.

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: EURAUD

Recent Posts

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

43 seconds ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

2 mins ago

Bitcoin tests $100K again

Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial…

6 hours ago

NZDUSD Wave Analysis 18 December 2024

- NZDUSD broke long-term support level 0.5770 - Likely to fall to support level 0.5500…

18 hours ago

Gold Wave Analysis 18 December 2024

- Gold under bearish pressure - Likely to fall to support level 2555.00 Gold under…

18 hours ago

Apple Wave Analysis 17 December 2024

- Apple rising inside impulse wave 3 - Likely to reach resistance level 260.00 Apple…

2 days ago

This website uses cookies