AUDNZD after 3-day correction makes new maximum
Rally growth on AUDNZD started from the low from 31 January and continues since then. Extremely interesting was the level of 1.0750, which was a 10-month resistance, but also was broken successfully. In this context it is not surprising that the next resistance level of 1.0930 was also attacked today.
At said level 1.0930 appeared a correction, which lasted exactly 3 daily candles. Today demand managed to break the resistance at 1.0930 setting a new 10-month high.
Possible a 100 pips growth or more
Actually if anything dramatical doesn’t happen – AUDNZD without problem should reach the next resistance level at 1.1050. This gives a range of growth exceeding 100 pips. However it may be not the end of growth as the next resistance is at 1.1290. If bears will return to the force the next support levels are located at: 1.0930, 1.0750.
