LeoPrime Daily Market Analysis

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AUDUSD under the strong downward pressure; Likely to fall to support level 0.74000.

AUDUSD under the strong downward pressure after this currency pair broke the support zone lying between the support level 0.75300 (former mufti month low from the end of March) and the support trendline of the daily down channel from the start of May. The breakout of this support zone accelerated the active short-term impulse waves 3 and (3). AUDUSD currency pair can be expected to fall further toward the next support level 0.74000 (price for the completion of the active short-term impulse wave 3)

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