October 08, 2020 at 03:46PM

• AUDNZD rising inside impulse wave (iii)

• Likely to reach 1.0940

AUDNZD continues to rise inside the short-term upward impulse wave (iii) – which belongs to the higher-order upward impulse waves 3 and (3).

The price earlier broke the resistance trendline of the daily down channel from August – which added to the bullish pressure on this currency pair.

AUDNZD is likely to rise further toward the next resistance level 1.0940 (top of the (b)-wave from the middle of September).

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From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audnzd-wave-analysis-7-october-2020-20201008/
Selected by fonecable.com

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