Categories: Technical analysis

AUDNZD Wave Analysis – 25 October, 2019

  • AUDNZD reversed from support zone
  • Likely to rise to 1.0800

AUDNZD recently reversed up from the support zone lying between the key support level 1,0670 (low of wave (a)), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from August.

The upward reversal from this support zone is expected to create the daily reversal pattern Morning Star.

AUDNZD is expected to rise further and retest the next resistance level 1.0800 (top of the previous wave (b)).

AddThis Website Tools
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

Pfizer Wave Analysis – 27 March 2025

Pfizer: ⬇️ Sell - Pfizer broke support level 25.20 - Likely to fall to support level…

1 hour ago

Silver Wave Analysis – 27 March 2025

Silver: ⬆️ Buy - Silver broke resistance area - Likely to rise to resistance level…

1 hour ago

EURGBP Wave Analysis – 27 March 2025

EURGBP: ⬇️ Sell - EURGBP broke support area - Likely to fall to support level…

5 hours ago

3M Wave Analysis – 27 March 2025

3M: ⬇️ Sell - 3M reversed from resistance area - Likely to fall to support…

5 hours ago

Smashed Hopes for US Stocks Recovery

The US stock market faced resistance from new auto tariffs and concerns about global response,…

8 hours ago

Gold and Silver about to break the ceiling

Gold has experienced growth, reaching historical highs due to new tariff wars. Silver has also…

10 hours ago