GBP/NZD reversed from resistance zone Next sell target - 1…
AUD/USD reached buy target 0.8100
- AUD/USD reached buy target 0.8100
- Next buy target - 0.8200
AUD/USD today broke through the key resistance level 0.8100 (previous buy target, which reversed the earlier corrective waves (A) and (ii), as can be seen from the daily AUD/USD chart below). The breakout of the resistance level 0.8100 accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from December. AUD/USD is expected to rise further toward the next buy target at the next resistance level 0.8200 (target price for the completion of the active impulse 3).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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