Categories: Technical analysis

AUDNZD Wave Analysis 30 September, 2020

• AUDNZD rising inside wave (ii)

• Likely to reach 1.0915

AUDNZD continues to rise inside the short-term correction (ii), which started earlier from the support area located between the key support level 1.0725 (former resistance from June and July), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from July.

The active correction (ii) belongs to the medium-term downward impulse sequence (3) from the middle of August.

AUDNZD is likely to rise further toward the next resistance level 1.0915 (top of the previous minor correction 2 from the start of September).

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.

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Tags: AUDNZD

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