Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD falling inside minor impulse wave (c)
2019-11-11 • Updated
- AUD/USD falling inside minor impulse wave (c)
- Next sell target - 0.7500
AUD/USD continues to fall inside the minor impulse wave (c), which previously broke the key support level 0.7640 (which reversed the previous minor impulse wave (i) in last month) and the support trendline of the daily down channel from the middle of February. Having recently broken the daily down channel February - GBP/CAD is expected to fall toward the next sell target at the next support level 0.7500 (monthly low from December and the target price for the completion of the active wave 2).
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