Technical analysis

AUDNZD Wave Analysis 1 April, 2021

AUDNZD Wave Analysis 1 April, 2021

• AUDNZD reversed from resistance area

• Likely to fall to support level 1.08150

AUDNZD recently reversed down from the resistance area located between the resistance level 1.0900 (strong barrier from September of 2020) and the upper daily Bollinger Band.

The downward reversal from this resistance area created the daily reversal pattern Shooting Star.

AUDNZD is likely to fall in the active impulse wave (3) toward the next support level 1.08150 (former resistance from the start of March).

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