It has completed five impulsive waves. While it hits Fibo target at the value of 1.618 in the 0.7805 price area. Mmm Well, is there a likely drop? .. Yeah! It touched the previous high, which is a correction of a previous impulsive wave (shown in the picture as a b c ). We took the FIBO cluster values from the prices: 0.7817 to .7563 And from a high of 0.7782 to a low of 0.7563. To show areas crowded with support and resistance and reversal areas, the most important of which is the price 0.7653 I think it will land towards it !!
everyone thinks it's going to drop, I say we break previous highs.
Frogi
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Yeah, time to go down. And had my TP 0.7655 - 0.7653. Tomorrow important day with USD so if there will be positive news we should see drop od AUD. Fingers crossed.