AUDNZD Wave Analysis – 13 November, 2019

• AUDNZD broke support level 1.0700
• Likely to fall to 1.0650 and 1.0600

AUDNZD recently reversed down from the resistance area lying between the key resistance level 1.0835 (monthly high from September) and the upper daily Bollinger Band.

The price today broke below the support level support 1.0700 – should strengthen the bearish pressure on this currency pair.

AUDNZD is expected to fall further toward the next support level 1.0650 – the breakout of which can lead to further losses toward 1.0600.