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AUDUSD Wave Analysis 1 July, 2019

AUDUSD Wave Analysis 1 July, 2019


2019-07-02 01:38:05
(MENAFN- FxPro)
  • AUDUSD reversed from resistance area

  • Further losses are likely

AUDUSD recently reversed down from the resistance area lying between the key resistance level 0.7020 (which also reversed the price in June) and the 50% Fibonacci correction of the previous downward impulse from April.

The aforementioned resistance area was further strengthened by the upper daily Bollinger Band.

AUDUSD is expected to fall further in the active daily impulse wave 3 and retest the next support level 0.6950 (former support from March).

MENAFN0207201901560000ID1098712244



 FxPro

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