LeoPrime Daily Market Analysis

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AUDNZD broke 1.05300 support area; Likely to fall to 1,0450

AUDNZD recently broke through the support area lying between the key support level 1.0530 (which reversed the price at the end of August) and the 50% Fibonacci correction of the previous sharp upward impulse wave from the start of August. Given the sharpness of the active daily impulse wave (c) – AUDNZD is likely to remain under the bearish pressure and to fall toward the next support level 1,0450 (former support from August and the target for the completion for the active impulse wave (c)).

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