NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
AUD/NZD broke pivotal resistance level 1.1150
- 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.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…