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.
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