AUDNZD May Have Found The Resistance
Image Source: Unsplash
AUDNZD is turning down now from projected 61,8% Fibo. retracement and strong 1.11-1.12 resistance area for wave (B). It’s now trying to continue lower out of a bear flag and ahead of Australian CPI inflation data this week. The number below 3.4% should be interesting for bears within a higher degree wave (C), especially if breaks below 1.0735 bearish confirmation level, just watch out on short-term pullbacks.
AUDNZD Daily Chart
For a detailed view and more analysis like this, you may want to watch below our recording of a live webinar stramed today on Monday August 26 2024:
More By This Author:
Weak Dollar And Bullish Technical Is Signal For Higher Bitcoin
Watching EUR/USD For Breakout
Elliott Wave Analysis: DeFi Bulls Can Be Ready
For more analysis visit us at https:/www.wavetraders.com and make sure to follow us on Twitter https://twitter.com/GregaHorvatFX
Comments
![](/images/tinyMceCommentImg.png)