The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
AUD/USD approached powerful resistance level 0.7730
2019-11-11 • Updated
- AUD/USD approached powerful resistance level 0.7730
- Next buy target - 0.7800
AUD/USD has been rising sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier from the pivotal support level 0.7500 (former strong resistance level which stopped the previous wave B in the middle of December, as can be seen from the daily AUD/USD chart below).
The price is currently trading close to the powerful resistance level 0.7730 (which has been steadily reversing the pair from last August, as can be seen below). If the pair breaks above 0.7730 - AUD/USD can then be expected to rise to the next buy target at the resistance level 0.7800.
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