GBP/AUD broke powerful resistance level 1.7650

GBP/AUD broke powerful resistance level 1.7650

  • GBP/AUD broke powerful resistance level 1.7650
  • Next buy target - 1.7800

GBP/AUD continues to rise inside the minor impulse wave 3, which today broke through the powerful, multi-month resistance level 1.7650 (which stopped the previous intermediate impulse wave (1) in May, as can be seen from the daily GBP/AUD chart below). GBP/AUD is expected to rise further in the active impulse waves 3 and (3) toward the next buy target at the next resistance level 1.7800.

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