On Tuesday AUDNZD broke the support level of 1.0360. It seemed that demand after such a blow will not recover easily. That has not happened, and the next support, which was the January low of 1.0330 managed to induce strong bullish rebound.
AUDNZD quickly returned above the level of 1.0360 and now arrived to the area 1.0420 – 1.0424. If breaking of this level is successful the next target will be 1.0470. Next resistances are arranged on levels: 1.0500, 1.0570. On the day interval may be noted that two months AUDNZD moves between the levels of 1.0330 – 1.0570. If it is that latter level is targeted by bulls than we still have 150 pips for upward movement.
