Aussie Selloff Ahead?
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 minor impulse wave 3
2019-11-11 • Updated
- AUD/NZD rising inside minor impulse wave 3
- Next buy target - 1.1100
AUD/NZD continues to rise inside the minor impulse wave 3 which started earlier from the support area lying between the support level 1.0860 (former resistance level from July which also reversed the previous minor corrections (iv) and (ii), as can be seen below), daily Bollinger Band and the 50% Fibonacci correction of the previous impulse wave 1. AUD/NZD is expected to rise toward the next buy target at the next resistance level 1.1100 (which has bhttps://cdn.pbrd.co/images/GYPEXhh.pngeen reversing the price from the start of November).
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