LeoPrime Daily Market Analysis

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AUDUSD reversed from support area; Likely to rise to resistance level 0.73000

AUDUSD currency pair recently reversed up with the clearly formed daily candlesticks reversal pattern Morning Star from the support area located between the key support level 0.71300, lower daily Bollinger Band and the support trendline of the daily down channel from the middle of June. Given the rising bullish AUD sentiment – AUDUSD currency pair can be expected to rise further toward the next resistance level 0.73000 (intersecting with the daily down channel from the start of June, target for the completion of the active wave 2)

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