AUDNZD has completed the task and can take a break

09 june 2022 67
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
Load the latest quotes
Full screen

The AUDNZD pair set a new 4-year maximum after the meeting of the Reserve Bank of Australia on June 7, at which the key rate was raised by 0.5% to 0.85%.

 

The previous annual maximum was also the result of the Australian regulator rate hike on May 3. And then, after updating the high, the AUDNZD pair adjusted down to the uptrend line.

 

This time the correction after the renewal of high is also very likely to begin. If the "bearish engulfing" is confirmed on the chart by the end of the day, the first goal of the decline will be the level of the previous maximum - 1.111. After that the movement to the trend line near the level of 1.103 is possible.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!