• AUDNZD broke key support level 1.0600
• Likely to fall to 1.0535
AUDNZD continues to fall after breaking below the key support level 1.0600 (former monthly low from the end of October).
The breakout of the support level 1.0600 continues the active short-term impulse wave C from the start of last month – which belongs to wave (B) from August.
Given the continued NZD bullishness seen across the markets today – AUDNZD is likely to fall further toward the next support level 1.0535 (monthly low from July).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies