AUDUSD Wave Analysis 24 December, 2020
December 24, 2020 @ 17:42 +03:00
• AUDUSD rising inside impulse wave (5)
• Likely to reach 0.7645
AUDUSD continues to rise inside the upward impulse wave (5) – which started earlier from the key support level 0.7500 intersecting with the daily up channel from October.
The active impulse wave (5) belongs to the longer-term upward impulse sequence 3 from the start of November.
Given the overriding uptrend that can be seen on the daily charts – AUDUSD is expected to rise further toward the next resistance level 0.7645 (top of the previous impulses wave 5).