AUD/NZD reversed from resistance zone

AUD/NZD reversed from resistance zone

  • AUD/NZD reversed from resistance zone
  • Next sell target - 1.0800

 AUD/NZD recently reversed down with the daily Japanese candlesticks reversal pattern Bearish Engulfing from the resistance area lying between the strong key resistance level 1.0950 (which stopped earlier waves (1) and 1) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave 3. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0800.

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