Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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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