Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD rising inside impulse waves 3 and (3)
2019-11-11 • Updated
- GBP/AUD rising inside impulse waves 3 and (3)
- Next buy target - 1.7210
GBP/AUD continues to rise inside the minor impulse wave 3, which is a part of the intermediate impulse wave (3) from the end of March. The price earlier broke through the resistance zone lying between the key resistance level 1.6750 (top of the previous wave B) and the 61.8% Fibonacci correction level of the previous downward impulse from December.
GBP/AUD is expected to rise further to the next buy target at the strong resistance level 1.7210 (which reversed the previous primary upward impulse wave ① in January).
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy