AUD/NZD reached buy target 1.0850

AUD/NZD reached buy target 1.0850

  • AUD/NZD reached buy target 1.0850
  • Next buy target - 1.1020

AUD/NZD continues to rise inside the intermediate corrective wave (2) – which earlier broke through the resistance zone lying at the intersection of the resistance level 1.0850 (previous buy target set in our earlier forecast for this currency pair) and the resistance trendline of the daily down channel from March. The breakout of this resistance zone intensified the bullish pressure on this currency pair.

AUD/NZD is expected to rise to the next buy target at the next resistance level 1.1020 (top of the previous primary ABC correction ② from March).


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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