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traderpulse
Jul 23, 2020 1:39 PM

AUD/NZD Wave Analysis Short

OANDA:AUDNZD240
AUD/NZDOANDA

Description

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in a long-term bear cycle.
It is currently in its second leg of wave B.
Further, it resembles a flag formation and is coming down after hitting the upper parallel.
Hence, we expect the pair to be bearish and move to the lower parallel from here.
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