Technical levels of AUD/CAD
EUR/NZD reversed from support area
- EUR/NZD reversed from support area
- Next buy target - 1.6800
EUR/NZD recently reversed up from the support area lying between the lower daily Bollinger Band and the strong multi-month support level 1.6620 (which has been reversing the price from last November). The upward reversal from this support area started the active minor impulse wave (c) of the ABC correction B from the start of June. EUR/NZD is expected to rise further toward the next buy target at the next resistance level 1.6800 (top of the earlier wave (a)).
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...