AUD/USD reversed from resistance level 0.7440

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.



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