Technical levels of AUD/CAD
AUD/NZD broke pivotal resistance level 1.0920
- AUD/NZD broke pivotal resistance level 1.0920
- Next buy target - 1.1020
AUD/NZD today broke above the pivotal resistance level 1.0920 (which stopped the B-wave of the previous intermediate ABC correction (2) rom March, as can be seen from the daily AUD/NZD chart below). The breakout of the resistance level 1.0920 follows the earlier breakout of the resistance level 1.0850 (which stopped the previous impulse waves 1, (iii) and (i)). AUD/NZD is expected to rise to next buy target at the next resistance level 1.1020 (multi-month high from March).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...