AUDNZD Analysis – 20 September, 2022

• AUDNZD broke resistance level 1.3200

• Likely to rise to resistance level 1.1400

AUDNZD currency pair recently broke above the resistance level 1.3200 (which has been reversing the price from the end of April).

The breakout of the resistance level 1.3200 coincided with the breakout of the extended up channel from April, which accelerated the active impulse waves 3 and (3).

AUDNZD can be expected to rise further toward the next resistance level 1.1400 (target for the completion of the active impulse wave 3).