0
0
December 01, 2020 at 03:23PM
• AUDNZD reversed from key resistance level 1.0550
• Likely to fall to 1.0400
AUDNZD recently reversed down from the key resistance level 1.0550 (former major support level which also reversed the pair in the middle of July)
The downward reversal from the resistance level 1.0550 started the active short-term minor impulse wave (iii) of wave 3 from the start of October.
AUDNZD is expected to fall further toward the next support level 1.0400 (target for the completion of the active impulse wave (iii), standing close to 61.8% Fibonacci correction of the uptrend from March).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audnzd-wave-analysis-1-december-2020-20201201/
Selected by fonecable.com
Search Web: AUDNZD Wave Analysis 1 December, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating