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: waiting to test fresh highs
2019-11-11 • Updated
AUD/NZD has been correction a cycle from September and it’s now being supported by the demand zone established between the 1.0921 and 1.0892 levels. Around that area, buyers could appear to push higher the pair to test new highs. Next target lies at the Fibonacci level of -23.6% at 1.1064, while to the downside, bullish outlook could get invalidated with a consolidation below 1.0866.
RSI indicator is trapped in the neutral territory.
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