• AUDNZD broke support area
• Likely to fall to 1.0550
AUDNZD continues to fall after the earlier breakout of the support area lying between the key support level 1.0675, 38.2% Fibonacci correction of the upward impulse from March and the support trendline of the daily down channel from August.
The breakout of this support area accelerated the active short-term downward impulse wave C belonging to the ABC correction (B) from the middle of August.
AUDNZD is likely to fall further toward the next support level 1.0550 (former multi-month low from the start of July).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies