AUDUSD Wave Analysis

AUDUSD: ⬇️ Sell

  • AUDUSD broke support level 0.6525
  • Likely to fall to support level 0.6410

AUDUSD currency pair recently broke the support zone between the support level 0.6525 (low of wave (1) from September), 61.8% Fibonacci correction of the upward impulse (C) from August and the support trendline from April.

The breakout of this support zone accelerated the active intermediate impulse wave (3).

Given the strongly bullish US dollar sentiment seen today, AUDUSD currency pair can be expected to fall to the next support level 0.6410 (former low of wave (B) from August).

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