AUD/USD continues to rise after the recent reversal from the strong support zone surrounding the support level 0.9250.
The support zone was strengthened by the 100-day moving average and the 38.2% Fibonacci Correction of the preceding sharp intermediate (C)-wave from the start of March (as you can see from the daily AUD/USD chart below). AUD/USD is expected to rise further in the currently active second intermediate corrective wave (2) toward the next buy target at 0.9460 (the top of the previous primary correction ②).
The post HY MARKETS News: Forex Report: AUD/USD appeared first on | HY Markets Official blog.
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