Technical analysis

AUDNZD Wave Analysis – 14 July, 2021

• AUDNZD broke key support level 1.0660
• Likely to fall to support level 1,0600

AUDNZD currency pair recently broke the key support level 1.0660 (which stopped the previous minor impulse wave (i) at the start of July).

The breakout of the support level 1.0660 accelerated the active minor impulse waves 3 and (iii).

AUDNZD currency pair can be expected to fall further toward the next support level 1,0600 (which stopped the earlier sharp downward impulse wave (1) at the end of May).

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