FX:AUDNZD Australian Dollar / New Zealand Dollar
AUDNZD has seen an impressive bounce from our 1.0330 reversal zone. Focus now shifts to descending resistance, the current equality objective and monthly projected range resistance. Look for reversal patterns at 1.0640/1.07 to set Shortt positions initially targeting a retest of 1. 05 and then 1.04 in extension
This analysis is provided as general market commentary and does not constitute investment advice.