Technical levels of AUD/CAD
NZD/JPY broke support area
- NZD/JPY broke support area
- Next sell target - 75.70
NZD/JPY recently broke through the support area lying between the support levels 77.40 and 77.80. The breakout of this support area accelerated the active minor impulse wave C of the intermediate ABC correction (2) from the end of July. NZD/JPY is expected to fall toward the next sell target at the next support level 75.70 (multi-month low from April and the target price for the completion of the active wave (2)).
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...