AUDUSD: ⬆️ Buy
- AUDUSD reversed from pivotal support level 0.7110
- Likely to rise to resistance level 0.7265
AUDUSD currency pair recently reversed up from the pivotal support level 0.7110, which has been reversing the price from April.
The support level 0.7110 was also strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from April.
Given the strong daily uptrend, AUDUSD currency pair can be expected to rise to the next resistance level 0.7265 – which stopped waves i and b.
SOURCE LINK : AUDUSD Wave Analysis – ActionForex
