GBPAUD today broke below the key support level 1.7500 (which stopped the previous impulse wave (i) earlier this month and also at the end of August, as can be seen below).
The breakout of the support level 1.7500 continues the active short-term impulse wave C of the medium-term ABC correction (2) from the start of October.
GBPAUD is expected to fall further and re-test the next support level 1.7300 (monthly low from August and the target price for the completion of the active impulse wave C).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
