On Wednesday in analysis “AUDNZD – dynamic reflection from support” I pointed a potential growth level of even 150 pips. The demand followed this impulse on AUDNZD and also on Friday continues to move upward.
There should no longer stand any obstacles in the way to test 1.0570 resistance in a while.Easy breaking of this level seems very unlikely. It is that between the levels of 1.0360 – 1.0570 where price moves more than for two months, and eventual break should be preceded by a correction or consolidation.The main scenario for the next few days for AUDNZD is to test 1.0570 resistance and pullback. The aim of the rebound will be the levels which price tested as resistance: 1.0500, 1.0470, 1.0425 / 20, 1.0360.
