Market Snapshots

AUDNZD Wave Analysis – 22 November, 2019

AUDNZD Wave Analysis – 22 November, 2019
  • AUDNZD broke support area
  • Likely to fall to 1.0530

AUDNZD recently broke though the support area lying between the support level 1.0665 (which has been reversing the price from October) and the 38,2% Fibonacci correction of the previous upward impulse 1.

The breakout of this support area accelerated the active ABC correction 2.

AUDNZD is expected to fall further toward the next support level 1.0530 (low of the short-term downward correction form the end of August).

 

Article Rating