AUD/USD falling inside minor impulse wave (c)

AUD/USD falling inside minor impulse wave (c)

  • AUD/USD falling inside minor impulse wave (c)
  • Next sell target - 0.7500

 AUD/USD continues to fall inside the minor impulse wave (c), which previously broke the key support level 0.7640 (which reversed the previous minor impulse wave (i) in last month) and the support trendline of the daily down channel from the middle of February. Having recently broken the daily down channel February - GBP/CAD is expected to fall toward the next sell target at the next support level 0.7500 (monthly low from December and the target price for the completion of the active wave 2).



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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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