Market Snapshots

AUDNZD Wave Analysis 14 December, 2020

AUDNZD Wave Analysis 14 December, 2020

• AUDNZD broke resistance level 1.0625

• Likely to rise to 1.0765

AUDNZD continues to rise inside the minor impulse wave (c) which previously broke the resistance level 1.0625 intersecting with the resistance trendline of the daily down channel from September.

The active impulse wave (c) belongs to the ABC correction 4 from the end of November.

AUDNZD is expected to rise further toward the next resistance level 1.0765 (monthly high from November and the target price for the completion of the active wave 4)

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