Market Snapshots

AUDNZD Wave Analysis 13 November, 2020

AUDNZD Wave Analysis 13 November, 2020

• AUDNZD reversed from support area

• Likely to rise to 1.065

AUDNZD previously found support in the support zone located between the support level 1.0550 (former monthly low from July), lower daily Bollinger Band and the 50% Fibonacci correction level of the previous uptrend form March.

The upward reversal from this support area stopped the previous short-term impulse wave C of the ABC correction (B) from August.

AUDNZD is likely to rise further toward the next resistance level 1.065 (former support from the middle of October and July)).

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