GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/AUD broke resistance zone
- EUR/AUD broke resistance zone
- Next buy target - 1.4400
EUR/AUD continues to rise after the earlier breakout of the combined resistance zone lying between the resistance level 1.4180 (which stopped the previous sharp (a)-wave earlier this month), the 100-day moving average, resistance trendline of the wide daily down channel from 2016 and the 50% Fibonacci correction of the previous sharp minor impulse wave (i) from December.
EUR/AUD is expected to rise further in the active minor ABC correction (ii) toward the next buy target at the resistance level 1.4400.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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CHF/JPY broke powerful resistance level 115…