EUR/AUD broke resistance zone

EUR/AUD broke resistance zone

  • EUR/AUD broke resistance zone
  • Next buy target - 1.5640

EUR/AUD continues to rise after the earlier breakout of the resistance zone lying between the resistance level 1.55000 (which stopped earlier waves 4 and A, as can be seen below) and the resistance trendline of the daily down channel from the end of April. The breakout of this resistance zone accelerated the active medium-term ABC correction (4) from the start of June.  EUR/AUD is expected to rise further toward the next buy target at the next resistance level 1.5640 (former support from February and March).

Similar

Popular

USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

jpy

Deposit with your local payment systems

Callback

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

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