AUDNZD Wave Analysis – 27 July, 2022

• AUDNZD broke resistance level 1.1100

• Likely to rise to resistance level 1.1165

AUDNZD recently broke the key resistance level 1.1100 (which has been steadily reversing the pair from the end of June).

The breakout of the resistance level 1.1100 continues the active intermediate impulse wave (C) from the middle of July.

Given the clear daily uptrend, AUDNZD can be expected to rise further toward the next round resistance level 1.1165 (previous double top from the start of June).