AUD/USD broke resistance zone

AUD/USD broke resistance zone

2019-11-11 • Updated

  • AUD/USD broke resistance zone
  • Next buy target - 0.8100

AUD/USD continues to rise inside the minor impulse wave 3 which previously broke above the resistance zone lying at the intersection of the key resistance level 0.7880 (top of the previous B-wave) and the 61.8% Fibonacci correction of the previous intermediate ABC correction (B) from the start of September. AUD/USD is expected to rise toward the next buy target at the next resistance level 0.8100 (which has been reversing the price from the end of July).


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