GBP/AUD rising inside impulse wave 3

GBP/AUD rising inside impulse wave 3

  • GBP/AUD rising inside impulse wave 3
  • Next buy target - 1.8200


GBP/AUD continues to rise inside the short-term impulse wave 3 - which today broke through the major resistance level 1.7930 (former support from May which has been reversing the price from June). The breakout of the resistance level 1.7930 accelerated the active impulse waves (iii) and 3 – which belong to wave (C) from the start of August. GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.8200 (monthly top from May).


Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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