AUD/NZD rising inside accelerated impulse wave (3)

AUD/NZD rising inside accelerated impulse wave (3)

  • 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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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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