Aussie Selloff Ahead?
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 reached buy target 1.0850
2019-11-11 • Updated
- 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).
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