• AUDNZD reversed from support area
• Likely to rise to resistance level 1.116
AUDNZD currency pair recently reversed up from the support area located between the key support level 1.0940 (which has been reversing the pair from May), the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from March.
The upward reversal from this support area continues the active multi-month uptrend from last September.
Given the strongly bearish NZD sentiment, AUDNZD can be expected to rise further toward the next resistance level 1.116 (which stopped the earlier upward waves (a) and (c)).
- 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