AUD/NZD broke major resistance level 1.0950

AUD/NZD broke major resistance level 1.0950

  • AUD/NZD broke major resistance level 1.0950
  • Next buy target - 1.1100

 AUD/NZD continues to rise after the earlier breakout of the major resistance level 1.0950 (which has reversed multiple upward impulse waves from the end of May, as can be seen from the daily AUD/NZD chart below). The breakout of this resistance level accelerated the active short-term impulse wave 3 of the medium-term impulse (C) from June. AUD/NZD is expected to rise further toward the next buy target at the next resistance level 1.1100 (target price for the completion of the active impulse wave (C)).

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