The AUDUSD pair performs the assumed scenario by breaking through the resistance level in the zone 0.67450 USD. Further pair increases are expected with the aim of re-testing the peak. However, corrections to recent growths are expected beforehand.
Yesterday’s analysis of the AUDUSD pair has included primarily a pro-growth scenario. Earlier, however, before the pair had to make a move upwards to reach the next zone – a significant resistance – it had to make a small correction. This was also the case when the pair went slightly behind the price support in the 0.67180 zone and generated another upward impulse. Then, in a single moment, it reached the expected zone – i.e. the level of 0.67450 USD.
At this point, looking at the hourly chart, it is visible that the pair still has the potential for growths, but similarly to yesterday’s approach – it is expected that the growths will be temporarily halted. The correction that may occur in this area may reach the levels of the last resistance – which for the pair is now a system supporting further increases. The chart below shows a potential scenario for such a setup. This time the goal for the pair will be the zone of the last peak built during the nightly approach.
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