AUD/NZD reversed from resistance zone

AUD/NZD reversed from resistance zone

  • AUD/NZD reversed from resistance zone
  • Next sell target 1.0650

AUD/NZD continues to fall after the earlier sharp downward reversal from the resistance zone lying between the resistance level 1.0830 (which has been reversing the price from the start of February, as can be seen from the daily AUD/NZD chart below) and the 38.2% Fibonacci correction of the downward impulse from January. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0650 (low of the previous wave 2).


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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