USD: technical outlook
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
AUD/USD reversed from resistance level 0.7440
- AUD/USD reversed from resistance level 0.7440
- Next sell target - 0.7350
AUD/USD recently reversed down from strong resistance level 0.7440 (former support level which reversed the price twice in May). The downward reversal from this resistance level started the active intermediate impulse wave (3) – which belongs to the primary impulse sequence from January. AUD/USD is expected to fall further toward the next sell target at the next support level 0.7350.
Dmitry Chernovolov
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