Categories: Technical analysis

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).

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

Bitcoin can’t accelerate but won’t give up trying 

Market picture  The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…

4 hours ago

USDJPY Wave Analysis 6 May 2024

- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…

18 hours ago

Gold Wave Analysis 6 May 2024

- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…

18 hours ago

Oil Bounces Locally, Global Support 5% below Spot Price

The number of operating oil rigs in the US fell by 7 to 499. This…

23 hours ago

Crypto Market Tries to Break Local Downtrend

Market picture  Crypto market capitalisation has been up 2% over the past seven days and…

1 day ago

Adobe Wave Analysis 3 May 2024

- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…

4 days ago

This website uses cookies