AUD/NZD broke support zone

AUD/NZD broke support zone

  • 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.


AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


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