Technical analysis

AUDUSD Wave Analysis – 3 July, 2020

AUDUSD Wave Analysis – 3 July, 2020

• AUDUSD rising inside impulse wave 3

• Likely to rise to 0.7030

AUDUSD continues to rise inside the short-term impulse wave 3, which started earlier from the key support level 0.6800.

The support area near the support level 0.6800 was strengthened by the lower daily Bollinger band and by the support trendline of the daily up channel from April. AUDUSD is likely to rise further toward the next powerful, multi-month resistance level 0.7030 (forecast price for the completion of the active impulse wave 3).       


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