Since August 2nd AUDNZD has been moving dynamically up. In this time there wasn’t any bigger correction and the price went up 400 pips. Yesterday AUDNZD has reached important area and it should cause some rebound. At 1.0740 – 1.0770 area the strong resistance is located and it is unbeatable for last 3 months.
If demand is strong enough and mentioned level is broken, the price will move even to 1.0930 level. This scenario is supported by V pattern which you can see at time-frame H4.
