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May 17, 2021 at 03:55PM
• AUDNZD reversed from support level 1.0715
• Likely to rise to resistance level 1.0815
AUDNZD recently reversed up from the key support level 1.0715, intersecting with the lower daily Bollinger Band and 61.8% Fibonacci correction of the upward price impulse (C) from February.
The upward reversal from the support level 1.0715 is likely to form the daily Bullish Engulfing – if the pair closes today near the current levels.
AUDNZD is likely to rise further toward the next resistance level 1.0815 (top of the previous corrective waves (2) and 2).
From: The FxPro News Team https://fxpro.news/technical-analysis/audnzd-wave-analysis-17-may-2021-20210517/
Selected by fonecable.com
Search Web: AUDNZD Wave Analysis 17 May, 2021
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