The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
AUD/JPY falling inside intermediate impulse wave (3)
- AUD/JPY falling inside intermediate impulse wave (3)
- Next sell target -81.10
AUD/JPY has been falling in the last few trading sessions inside the intermediate impulse wave (3) – which started earlier from the resistance area surrounding the major multi-month resistance level 84.00 (which has been reversing the price from March). Having recently broken the support level 82.60 - AUD/JPY is expected to fall further toward the next sell target at the next support level 81.10 (low of wave B).
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USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.