AUD/NZD rising inside primary impulse wave ③

AUD/NZD rising inside primary impulse wave ③

  • AUD/NZD rising inside primary impulse wave ③
  • Next buy target - 1.0550

AUD/NZD continues to rise inside the primary impulse wave ③, which started earlier from the support area lying between the powerful, long-term support level 1.0370 (which has been repeatedly reversing the price from the start of November) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Piercing Line. AUD/NZD is expected to rise to the next buy target at the resistance level 1.0550 (top of the previous correction 4).


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



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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