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 zone
2019-11-11 • Updated
- AUD/USD reversed from resistance zone
- Next sell target - 0.7640
AUD/USD recently reversed down from the resistance zone lying between the resistance level 0.7800, upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse C from the middle of February. AUD/USD is expected to fall toward the next sell target at the next support level 0.7640 (low of the previous intermediate ABC correction (2)).
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy