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KarYong

AUDNZD - Expecting A Decent Retracement

Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
KarYong  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD aud NZD correlation intermarket technical Elliott Wave Harmonic Patterns Bat
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audnzd aud nzd correlation intermarket technical elliottwaves harmonicpatterns batpattern
Price fell sharply last two weeks and we are now expecting a retracement to the upside with the following confluences -

1) A completed higher degree WXY
2) A completed smaller degree WXY
3) A completed Bat pattern
4) A RSI divergence formed

All these give us the confluences that we might see a decent pull back to the upside for AUDNZD.

Quiz: With this information on AUDNZD, what additional edge does it provide?

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