Categories: Technical analysis

AUDNZD Wave Analysis 1 April, 2021

• AUDNZD reversed from resistance area

• Likely to fall to support level 1.08150

AUDNZD recently reversed down from the resistance area located between the resistance level 1.0900 (strong barrier from September of 2020) and the upper daily Bollinger Band.

The downward reversal from this resistance area created the daily reversal pattern Shooting Star.

AUDNZD is likely to fall in the active impulse wave (3) toward the next support level 1.08150 (former resistance from the start of March).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDNZD

Recent Posts

Silver Wave Analysis – 2 April 2025

Silver: ⬆️ Buy - Silver reversed from the support area - Likely to rise to…

9 hours ago

Caterpillar Wave Analysis – 2 April 2025

Caterpillar: ⬆️ Buy - Caterpillar reversed from the support area - Likely to rise to…

9 hours ago

Manufacturing ISM: inflation up, activity down

The US economy is experiencing a worrying situation known as stagflation, with economic activity declining…

16 hours ago

AUDCHF Wave Analysis – 2 April 2025

AUDCHF: ⬆️ Buy - AUDCHF reversed from the support area - Likely to rise to…

17 hours ago

EURNZD Wave Analysis – 2 April 2025

EURNZD: ⬇️ Sell - EURNZD reversed from resistance area - Likely to fall to support…

17 hours ago

New Instrument Available: Russell 2000 Spot Index CFD (US2000)

We’re excited to announce that FxPro now offers trading on the Russell 2000 Spot Index…

18 hours ago