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AUDNZD Wave Analysis 21 April, 2021

• AUDNZD broke support area

• Likely to fall to support level 1.0700

AUDNZD recently broke the support area lying between the support level 1.0755 and the 50% Fibonacci correction of the C-wave from February.

The breakout of this support area accelerated the active short-term impulse waves (iii) and 3.

AUDNZD is likely to fall further toward the next support level 1.0700 (target price for the completion of the active impulse wave 3).

AUDNZD Wave Analysis 21 April, 2021

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