Technical levels of AUD/CAD
EUR/NZD reversed from key support level 1.7160
- EUR/NZD reversed from key support level 1.7160
- Next buy target - 1.7400
EUR/NZD today reversed up from the key support level 1.7160 (former strong resistance level from October – acting as support after it was broken previously). The upward reversal from the support level 1.7160 continues the active minor impulse wave 3 – which belongs to the intermediate upward impulse wave (3) from June. EUR/NZD is expected to rise toward the next buy target at the next resistance level 1.7400 (top of the previous impulse wave (i)).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...