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 primary impulse wave ③
2019-11-11 • Updated
- 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).
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