0
0
June 18, 2021 at 04:00PM
• AUDUSD broke support area
• Likely to fall to support level 0.7400
AUDUSD recently broke the support area lying between the major support level 0.7530 (low of wave (A) from May) and the 50% Fibonacci correction of the upward impulse from October.
The breakout of this support area accelerated the active medium-term downward impulse wave (c).
AUDUSD can then be expected to fall further toward the next support level 0.7400 (target price for the completion of the active short-term impulse wave (iii)).
From: The FxPro News Team https://fxpro.news/technical-analysis/audusd-wave-analysis-18-june-2021-20210618/
Selected by fonecable.com
Search Web: AUDUSD Wave Analysis – 18 June, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
