AUDNZD Wave Analysis – 09 April, 2020

• AUDNZD rising steadily
• Likely to rise to 1.0500

AUDNZD has been rising steadily in the last few trading sessions in the short-term correction (ii), which started earlier from the middle March.

The pair previously broke the resistance level 1.0340 (intersecting with 38,2% Fibonacci retracement of the previous downward impulse from last November).

AUDNZD is likely to rise further toward the next round resistance level 1.0500 (former monthly high from February).