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 rising inside accelerated impulse wave (3)
2019-11-11 • Updated
- AUD/NZD rising inside accelerated impulse wave (3)
- Next buy target - 1.1050
AUD/NZD continues to rise inside the accelerated impulse wave (3), which previously broke through the resistance zone lying between the resistance level 1.0830 (top of wave 2 from February) and the resistance trendline of the daily down channel from October. The breakout of this resistance zone accelerated the active impulse wave (3). AUD/NZD is expected to rise further toward the next buy target at the next resistance level 1.1050.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.