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AUD/USD Wave Analysis – 07 September , 2018

September 07, 2018 at 05:19PM

• AUD/USD broke long-term support level 0.7180 • Further losses are likely AUD/USD continues to fall after the earlier breakout of the strong, long-term support level 0.7180 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUD/USD chart below). The breakout of the support level 0.7180 accelerated the active medium-term impulse wave (3) which belongs to the impulse wave ③ from June. AUD/USD is expected to fall further and retest the next round support level 0.7000 (low of the previous correction (2) from 2016). Continue Reading:…

Author: Wave Tech Analysis https://blog.fxpro.co.uk/market-snapshots/07092018-aud-usd-wave-analysis-07-september-2018/ Selected by SYFX+

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