AUDNZD Wave Analysis – 24 December, 2021

• AUDNZD reversed from resistance level 1.0600

• Likely to fall to support level 1.05500

AUDNZD currency pair recently reversed down from the pivotal resistance level 1.0600 (previous monthly high from October), standing close to the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from March.

The downward reversal from the resistance level 1.0600 stopped the earlier impulse waves (iii), 3 and (C).

AUDNZD currency pair can be expected to fall further toward the next support level 1.05500 (low of the previous minor correction (ii)).