• AUDUSD reversed from resistance zone
• Likely to fall to next support level 0.7300
AUDUSD currency pair continues to fall inside the intermediate ABC correction (2), which started earlier from the resistance zone lying between the pivotal resistance level 0.74575 (former support from July and August) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star Doji, highlighted on the daily AUDUSD chart below.
Given the predominant downtrend that can be seen on the daily AUDUSD charts – AUDUSD currency pair can be expected to fall further toward the next support level 0.7300.