AUD/USD broke key support area

AUD/USD broke key support area

  • AUD/USD broke key support area
  • Next sell target - 0.7650

AUD/USD recently broke through the strong support area lying at the intersection of the pivotal support level 0.7750 (which stopped the previous intermediate impulse wave (1)) and the 50% Fibonacci correction of the previous upward price impulse from June. The breakout of this support area accelerated the active impulse wave (3) from the middle of October. AUD/USD is expected to fall to the next sell target at the next support resistance level 0.7650.

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