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 falling inside minor impulse wave (iii)
2019-11-11 • Updated
- AUD/NZD falling inside minor impulse wave (iii)
- Next sell target - 1.0350
AUD/NZD continues to fall inside the minor impulse wave (iii), which started earlier from the resistance zone lying between the resistance level 1.0550 and the 38.2% Fibonacci correction of the previous sharp downward impulse from the middle of May. AUD/NZD is expected to fall to the next sell target at the next strong support level 1.0350 (former strong support level which reversed the price in January and February). Expect the price to correct up after reaching this support level.
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