AUD/NZD reversed from resistance level 1.0310

14 September 2016, 17:52
Eko Rediantoro
0
30
  • AUD/NZD reversed from resistance level 1.0310
  • Next sell target - 1.0200

AUD/NZD continues to decline – after the earlier downward reversal from the resistance level 1.0310 (former powerful support level which stopped the previous intermediate impulse wave (1) in July, as can be seen below). The downward reversal from the resistance level 1.0310 continues the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) of the primary downward impulse ③ from March.

AUD/NZD is expected to continue the downward movement toward the next sell target at the support level 1.0200 (target price for the completion of the active minor impulse wave 3).

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