AUDNZD recently reversed up sharply from the powerful support level 1.0600 (which has been reversing the pair from April) intersecting with the lower daily Bollinger Band and the support trendline of the weekly down channel from June.
The upward reversal from the support level 1.0600 stopped the previous intermediate ABC correction (2).
Given the strength of the active impulse wave 3, AUDNZD can be expected to rise further toward the next resistance level 1.0850.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies