FX:AUDNZD   Australian Dollar / New Zealand Dollar
38 2 2
AUDNZD             possible completion of subwave 5 , resulting in bearish divergence.

Look for potential Zig Zag correction of Wave 2.

Entry now 1.0605 - 1.0610.

Stop 1.0650

Target 1 @ 1.0470. The low of subwave 4. 2+ R.

Target 2 @ 1.0390. Completion of Zig Zag and . 618 retracement of Wave 1. 4+ R.
And later? It will go up?
Reply
salsapete EcknerBarcelos
Yes. My medium term outlook is for AUDNZD to approach 1.10 - 1.12. Thanks for your comment.
Reply
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