Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
AUD/NZD reversed from support zone
2019-11-11 • Updated
- AUD/NZD reversed from support zone
- Next buy target - 1.0850
AUD/NZD continues to rise after the earlier sharp upward reversal from the support zone lying between the key support level 1.0650 (which also reversed the price in February), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward C-wave from January. The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Bullish Engulfing.
AUD/NZD is expected to rise to the next buy target at the next resistance level 1.0850 (top of the previous minor correction (ii)).
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