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 - 1.1100

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 b reversing the price from the start of November).



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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