AUDNZD Wave Analysis – 16 June, 2022

• AUDNZD reversed from resistance level 1.1160
• Likely to fall to support level 1.1030

AUDNZD currency pair just reversed down from the key resistance level 1.1160 (top of the previous impulse wave 1 from the start of May).

The resistance level 1.1160 was further strengthened by the upper daily Bollinger Band.

AUDNZD currency pair can be expected to fall further toward the next support level 1.1030 (low of wave 2 from the middle of June).