AUDNZD Wave Analysis – 06 August, 2020
August 06, 2020 @ 17:47 +03:00
• AUDNZD reversed from long-term resistance level 1.0855
• Likely to fall to 1.0750
AUDNZD recently reversed down from the powerful long-term resistance level 1.0855 (which has been reversing the price from last November) – standing close to the upper daily Bollinger Band.
The downward reversal from the resistance level 1.0855 stopped the previous short-term correction 2 from June.
AUDNZD is likely to fall further toward the next support level 1.0750 (former top of the minor wave (a) from last month).