The AUD/USD pair didn’t confirm its current fall. We know that it’s providing negative trades since Mar. 6, when it dropped from 0.74414 level to 0.71652 level.
If NZD/USD price exceeds the 0.66307 level, it would pave the way for 0.65000 and 0.62500.
- If the NZD/USD price breaks 0.68753, it will target the 0.70000 level.
- The expected trading region is between 0.6750 and 0.7000.
- The expected trendline is bearish.
AUD/USD Analysis And Forecast
AUD/USD price started in a wave consisting of 3 waves which canceled the bullish scenario in the middle-term, suggesting that AUD/USD is trading in wave 4 of ending diagonal wave.
Suggesting that NZD/USD price is trading in wave C of wave Y, in which Wave C is supposed to be the ending diagonal.
