AUD/USD broke resistance area

AUD/USD broke resistance area

  • AUD/USD broke resistance area
  • Next buy target - 0.7880

AUD/USD continues to rise after the earlier breakout of the resistance area lying between the key resistance level 0.7720 (previous buy target) and the 38.2% Fibonacci correction of the downward corrective wave A from the middle of September. The breakout of this this resistance area accelerated the active impulse wave B. AUD/USD is expected to rise to the next buy target at the next resistance level 0.7880 (top of wave (b) from October).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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