Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD reversed from resistance level 0.7440
2019-11-11 • Updated
- 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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