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AUD/NZD reversed from support zone

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  • AUD/NZD reversed from support zone
  • Next buy target - 1.1050

 AUD/NZD recently reversed up with the daily Bullish Engulfing from the support zone lying at the intersection of the pivotal support level 1.0860 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the previous intermediate impulse wave (C) from the start of July. AUD/NZD is expected to rise toward the next buy target at the next resistance level 1.1050 (which reversed the previous wave (B)).

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