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Bulls In VIew For AUDNZD - Elliott Wave

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April 04 2019
 
Hi traders,

AUDNZD can be unfolding a bigger, three-wave recovery with first two legs; A and B already completed. The sharp rally which followed from the 1.0250 area can now be labelled as wave C, that can take price with its five-wave structure towards the 1.0750/1.0800 region in upcoming weeks and months. That said, be aware of temporary retracement that may represent a pause within a wave C rise; first one can follow from the 1.052/1.053 zone.

AUDNZD, Daily


 
 

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