Technical analysis

ANF Wave Analysis 29 April 2024

  • ANF reversed from key support level 113.40
  • Likely to rise to resistance level 132.31

ANF rising inside the minor correction B, which started earlier from the key support level 113.40, which has been reversing the pair from the middle of February.

The price is currently approaching the resistance trendline of the daily down channel from March – which should be broken for the price to rise further.

Given the strong multi-month uptrend, ANF air can be expected rise further to the next resistance level 132.31 (top of wave (b) from the start of April).

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