AUD/USD reversed from support zone

AUD/USD reversed from support zone

  • AUD/USD reversed from support zone
  • Next buy target - 0.7670

AUD/USD continues to rise after the earlier sharp upward reversal from the support zone lying between the strong support level 0.7500 (which reversed the earlier minor ABC correction (iv) in March, as can be seen from the daily AUD/USD chart below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the c-wave of the earlier ABC correction 2 from March.

AUD/USD is expected to rise further to the next buy target at the resistance level 0.7670 (top of the previous (b)-wave from March).



Latest news

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.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera