AUD/NZD: buy target - 1.1400
By: Dmitriy Chernovolov
- AUD/NZD reached buy target 1.1200
- Next buy target - 1.1400
AUD/NZD continues to rise after recently breaking through the resistance level 1.1200, which was set in our previous forecast as the buy target for this currency pair. The second corrective wave (2), which broke the resistance level 1.1200 recently stopped at the resistance level 1.1290 (as you can see below).
The price is currently trading close to the aforementioned resistance level 1.1290 – the breakout of which can lead to further gains toward the next buy target at the next strong resistance level 1.1400 (which stopped the previous primary ABC correction ④ at the start of July).