AUD/NZD rising inside sharp C-wave

AUD/NZD rising inside sharp C-wave

  • AUD/NZD rising inside sharp C-wave
  • Next buy target - 1.0800

AUD/NZD has been rising sharply in the last few trading sessions inside the sharp minor C-wave of the intermediate ABC correction (2) from the end of June. The price earlier broke through the two consecutive Fibonacci correction levels (50% and 61.8%) of the previous sharp downward impulse from the start of May. AUD/NZD can then be expected to rise further toward the next buy target at the next resistance level 1.0800 (target price calculated for the termination of the active correction (2)).

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