AUD/USD falling inside minor impulse wave 3
Next sell targets – 0.7300 and 0.7260
AUD/USD has been falling sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier – when the pair reversed down from the resistance zone lying between the resistance level 0.7500 (previous buy target which also recently reversed the a-wave of the earlier ABC correction 2), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave 1 from the start of November.
AUD/USD is expected to fall further to the next sell target at the key support level 0.7300 (low of the previous minor impulse wave 1) – the breakout of which can lead to further losses toward 0.7260.
Next sell targets – 0.7300 and 0.7260
AUD/USD has been falling sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier – when the pair reversed down from the resistance zone lying between the resistance level 0.7500 (previous buy target which also recently reversed the a-wave of the earlier ABC correction 2), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave 1 from the start of November.
AUD/USD is expected to fall further to the next sell target at the key support level 0.7300 (low of the previous minor impulse wave 1) – the breakout of which can lead to further losses toward 0.7260.
