AUD/NZD rising inside minor impulse wave 3

AUD/NZD rising inside minor impulse wave 3

  • AUD/NZD rising inside minor impulse wave 3
  • Next buy target - 1.1020

AUD/NZD continues to rise inside the minor impulse wave 3 - which started earlier from the support zone lying between the support level 1.0820 and the 50% Fibonacci retracement of the previous sharp upward impulse wave (v) from the end of February. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star.

AUD/NZD expected to rise to the next sell buy at the resistance level 1.1020 (which stopped the previous minor impulse wave 1 earlier this month).


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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