Yesterday important resistance at 1.0970 was broken. Price was for the last time at a such high level on December 2015. Currently AUDNZD is reaching 1.1080, which was high from November 2015. It is likely that on indicated level there will be a rebound because from the beginning of March price didn’t show any corrective moves. Nearest supports are located at 1.0970, 1.0910, 1.0810. If price breaks above resistance at 1.1080 next resistances will be located at levels: 1.1130, 1.1200, 1.1260, 1.1400.

Time-frame H4

AUDNZD_H4

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Time-frame D1

AUDNZD_D1

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