0
0
October 27, 2020 at 03:22PM
• AUDNZD broke support area
• Likely to fall to 1.0550
AUDNZD continues to fall after the earlier breakout of the support area lying between the key support level 1.0675, 38.2% Fibonacci correction of the upward impulse from March and the support trendline of the daily down channel from August.
The breakout of this support area accelerated the active short-term downward impulse wave C belonging to the ABC correction (B) from the middle of August.
AUDNZD is likely to fall further toward the next support level 1.0550 (former multi-month low from the start of July).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audnzd-wave-analysis-27-october-2020-20201027/
Selected by fonecable.com
Search Web: AUDNZD Wave Analysis 27 October, 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