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AUD/NZD broke pivotal resistance level 1.1150

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  • AUD/NZD broke pivotal resistance level 1.1150
  • Next buy target - 1.1330

AUD/NZD recently rose sharply – breaking through the pivotal resistance level 1.1150 (which stopped the previous minor impulse wave 1 at the start of September, as can be seen from the daily AUD/NZD chart below). The breakout of the resistance level 1.1150 accelerated the active impulse wave 3 – which is a part of the intermediate impulse wave (3) from June. AUD/NZD is expected to rise to the next buy target at the next resistance level 1.1330.

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