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 zone
2019-11-11 • Updated
- AUD/NZD broke support zone
- Next sell target - 1.0700
AUD/NZD recently broke through the support zone lying between the key support level 1.0860 (which has been steadily reversing the price from the end of September) and the 50% Fibonacci correction of the previous intermediate impulse wave (C) from June. This price zone is acting as resistance area after it was broken. AUD/NZD is expected to fall further to the next sell target at the next support level 1.0700.
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