AUD/NZD hits key resistance: Watch for potential correction [Video]

Gregor Horvat Wavetraders

AUDNZD is currently experiencing a sharp recovery, reaching levels above its 2015 highs. The pair is moving within the higher-degree wave C of (III), now in wave 5 of an impulse following the breakout from a wave 4 triangle pattern. Price action suggests the pair may be approaching the late stages of this upward impulse from the 2025 low. Traders should be cautious as upside potential could be limited, with a higher-degree wave (IV) correction potentially retracing prices back to the 1.15–1.12 support zone.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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