The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
GBP/AUD broke support area
- GBP/AUD broke support area
- Next sell target - 1.7200
GBP/AUD recently broke the support area lying at the intersection of the key support level 1.7600 (which has been reversing the price from the middle of February) and the 61.8% Fibonacci retracement of the previous sharp medium-term impulse wave (C) form the middle of January. GBP/AUD is expected to fall further toward the next sell target at next support level 1.7200. Strong resistance now stands at 1.7600.
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
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