• 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).