USD: technical outlook
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
EUR/AUD reversed from support area
- EUR/AUD reversed from support area
- Next buy target - 1.5870
EUR/AUD recently reversed up from the support area lying between the key support level 1.5600, 50% Fibonacci correction of the upward impulse 1 from June and the lower daily Bollinger Band. The upward reversal from this support area started the active impulse wave 3. EUR/AUD is expected to rise further toward the next buy target at the next resistance level 1.5870 (top of the earlier impulse wave 1).
Dmitry Chernovolov
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