AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/NZD broke support area
2019-11-11 • Updated
- AUD/NZD broke support area
- Next sell target - 1.0750
AUD/NZD today broke the support area lying between the key support level 1.0800 (which reversed the price twice in the last two weeks, as can be seen below), support trendline of the daily up channel from April and the 50% Fibonacci correction of the upward price impulse from May. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0750 (former resistance from May).
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