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AUD/NZD broke support zone

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  • AUD/NZD broke support zone
  • Next sell target - 1.0700

AUD/NZD recently broke through the support zone lying between the key support level 1.0860 (which has been steadily reversing the price from the end of September) and the 50% Fibonacci correction of the previous intermediate impulse wave (C) from June. This price zone is acting as resistance area after it was broken.  AUD/NZD is expected to fall further to the next sell target at the next support level 1.0700.

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