- AUDNZD rising steadily
- Likely to rise to 1.0500
AUDNZD has been rising steadily in the last few trading sessions in the short-term correction (ii), which started earlier from the middle March.
The pair previously broke the resistance level 1.0340 (intersecting with 38,2% Fibonacci retracement of the previous downward impulse from last November).
AUDNZD is likely to rise further toward the next round resistance level 1.0500 (former monthly high from February).