Categories: Technical analysis

AUDNZD Wave Analysis 1 December, 2020

• AUDNZD reversed from key resistance level 1.0550

• Likely to fall to 1.0400

AUDNZD recently reversed down from the key resistance level 1.0550 (former major support level which also reversed the pair in the middle of July)

The downward reversal from the resistance level 1.0550 started the active short-term minor impulse wave (iii) of wave 3 from the start of October.

AUDNZD is expected to fall further toward the next support level 1.0400 (target for the completion of the active impulse wave (iii), standing close to 61.8% Fibonacci correction of the uptrend from March).

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

The yen returned to the Takaichi trade

The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…

1 hour ago

Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts

Today is Tuesday, the 13th of January, and we will talk about the natural gas…

3 hours ago

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

12 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

12 hours ago

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

22 hours ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

23 hours ago

This website uses cookies