AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/NZD broke strong resistance level 1.1020
2019-11-11 • Updated
- AUD/NZD broke strong resistance level 1.1020
- Next buy target - 1.1150
AUD/NZD today broke sharply above the strong resistance level 1.1020 (which stopped and reversed the sharp uptrend in March and which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 1.1020 accelerated the active minor impulse wave (iii) – which belongs to the impulse wave 3 of the intermediate impulse (3) from June. AUD/NZD is expected to rise to next buy target at the next resistance level 1.1150.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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