AUDNZD-long now on 5-0 pattern

FX:AUDNZD   Australian Dollar / New Zealand Dollar
1326 13 26
Hello, i think this pair is finishing the corrective structure and will start a rally very soon.
I expected a retracement to the 0.61 fib and previous wave 4 but price could not reach that level.
Thanks to other post i see a perfect 5-0 pattern is completed right now!!!
This is the missing part of thepuzzle!! thats why i like this community.
Today we have CPI             news for the NZD, this could be the catalyst.

One more information:
CURRENCY STREGHT ANALYSIS using my indicators:
- NZD extremely overbought (needs a pullback)
- AUD has more room to go to the upside

Lets see!!

Looks like a good potential trade :)
Nice IHS there, this will start a long term rally. I am waiting for 1.05
Yahia.Awes Yahia.Awes
The IHS is a weekly one!
FullTimeTrader Yahia.Awes
Hello, yes, i have that area also under observation. Regards.
Yahia.Awes FullTimeTrader
Great, good luck
Hello Fulltime. I have a question. The chart on my MT4 shows the high of 8-24 to be 1.17308, where as my other charts, as well as your charts show the high of 1.14214. Any reason why there is a difference? Also, I've had a fib on that pair for a while. With a fib run to that high, the current lows just pushed through what is a .618 level on my MT4 chart. So basically my B-C is from 1.00200 to 1.17308 where price is sitting on the .618 on my chart. Not sure why there is such a difference on my MT4, and I never noticed the difference until your post.
Hello, that difference is common after heavy news (China crisis) big spikes can occured that differs from broker to broker . In this case doesnt matter because im measuring the fib from the high on 2015.07.02. Regards.
Chinese can't buy milk anymore? ;)
nice post. AgreeD.
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