Aussie Selloff Ahead?
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 rising inside sharp C-wave
2019-11-11 • Updated
- AUD/NZD rising inside sharp C-wave
- Next buy target - 1.0800
AUD/NZD has been rising sharply in the last few trading sessions inside the sharp minor C-wave of the intermediate ABC correction (2) from the end of June. The price earlier broke through the two consecutive Fibonacci correction levels (50% and 61.8%) of the previous sharp downward impulse from the start of May. AUD/NZD can then be expected to rise further toward the next buy target at the next resistance level 1.0800 (target price calculated for the termination of the active correction (2)).
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