AUDNZD Wave Analysis

Technical analysis published by FxPro outlines a prominent bullish continuation pattern for the AUD/NZD currency pair, delivering a clear "Buy" signal to market participants. The cross has successfully broken through a key resistance zone situated around the 1.2260 price mark—a level that has acted as a persistent ceiling and reversed upside moves since May—in conjunction with the upper resistance trendline of the ascending channel established over the same period. According to Elliott Wave parameters, the decisive breach of this technical barrier has accelerated active impulse wave 3, which forms part of the broader intermediate impulse wave (5) that initiated in late June. This structural development confirms robust upside momentum within the prevailing daily uptrend, indicating sustained buying interest across both the Australian and New Zealand dollar dynamics. Looking ahead, the technical setup suggests that AUD/NZD is well-positioned to target the next major resistance level at 1.2500. Market participants will be watching for continued bullish follow-through, with previous resistance around 1.2260 now expected to act as a primary support floor during any potential intraday pullbacks.