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 broke pivotal resistance level 1.1150
2019-11-11 • Updated
- AUD/NZD broke pivotal resistance level 1.1150
- Next buy target - 1.1330
AUD/NZD recently rose sharply – breaking through the pivotal resistance level 1.1150 (which stopped the previous minor impulse wave 1 at the start of September, as can be seen from the daily AUD/NZD chart below). The breakout of the resistance level 1.1150 accelerated the active impulse wave 3 – which is a part of the intermediate impulse wave (3) from June. AUD/NZD is expected to rise to the next buy target at the next resistance level 1.1330.
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