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 support zone
2019-11-11 • Updated
- AUD/USD reversed from support zone
- Next buy target - 0.8000
AUD/USD recently reversed up from the support zone lying between the support levels 0.7800, 0.7770, lower daily Bollinger Band and the 50% Fibonacci correction of the previous intermediate impulse wave (3) from the start of December. AUD/USD is expected to rise further toward the next buy target at the next round resistance level 0.8000 (target price for the completion of the active wave B).
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