AUD/USD reached buy target 0.8100

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).

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

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