AUD/USD reached sell targets 0.7300 and 0.7260
Next sell target – 0.7150
AUD/USD continues to fall after the earlier breakout of the support zone lying between support levels 0.7300 and 0.7260 – both of which were set as the sell targets in our previous forecast for this currency pair. The breakout of this support zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of November.
AUD/USD is expected to continue to fall in the direction of the next sell target at the key support level 0.7150 (which stopped the previous intermediate impulse wave (1) in May, as can be seen below).
Next sell target – 0.7150
AUD/USD continues to fall after the earlier breakout of the support zone lying between support levels 0.7300 and 0.7260 – both of which were set as the sell targets in our previous forecast for this currency pair. The breakout of this support zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of November.
AUD/USD is expected to continue to fall in the direction of the next sell target at the key support level 0.7150 (which stopped the previous intermediate impulse wave (1) in May, as can be seen below).
