AUDNZD Wave Analysis – 10 July, 2020

• AUDNZD broke key support level 1.0585

• Likely to fall to 1.0500

AUDNZD recently broke below the key support level 1.0585 (which has been reversing the price from the end of April).

The breakout of the support level 1.0585 should accelerate the active three impulse waves (iii), 3 and (3).

AUDNZD is likely to fall further toward the next round support level 1.0500 (low of the earlier minor correction from April).