AUDNZD Wave Analysis 26 November 2024
- AUDNZD reversed from resistance zone
- Likely to fall to support level 1.1000
AUDNZD currency pair recently reversed down from resistance area located at the intersection of the resistance level 1.1145 (former top of the weekly impulse wave 1) and the upper weekly Bollinger Band.
This resistance area was further strengthened by the resistance trendline of the weekly up channel from the end of 2022.
Given the strength of the resistance level 1.1145 and other overbought weekly Stochastic, AUDNZD currency pair can be expected to fall to the next support level 1.1000.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.