During the Asian session AUDNZD began to create a strong growth impulse. It led to overcoming the upper consolidation limitation – the line running from July’s highs. Currently price is heading north and it is getting close to a significant 1.0933 level. That’s where is the high established in May this year. This rebound also means return to the upward trend, so we can look for buy opportunities after corrections. The previous resistance level now becomes support. If bulls maintain control and they successfully break the resistance at 1.0933, we may see a further upward move to the round level 1.1000. It is slightly below this year’s maximum (1.1018).
