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 reached buy target 0.8100
2019-11-11 • Updated
- AUD/USD reached buy target 0.8100
- Next buy target - 0.8200
AUD/USD today broke through the key resistance level 0.8100 (previous buy target, which reversed the earlier corrective waves (A) and (ii), as can be seen from the daily AUD/USD chart below). The breakout of the resistance level 0.8100 accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from December. AUD/USD is expected to rise further toward the next buy target at the next resistance level 0.8200 (target price for the completion of the active impulse 3).
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