AUDNZD currency pair reached the resistance, who stopped previously strong upward movement of the 14th of April. There, on the 1-hour chart formed supply candle with the long wick, which could mean at least a correction of recent increases.

If it’s just a correction, it may lead the course this pair to support at 1.1185, but can not be ruled drops to lower levels.

Resistance at 1.1235 cannot hold out the pressure of buyers and if the price closes above it, there are likely to further dynamic growth.

2104-AUDNZD


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