AUDNZD is taking its time but I still consider it to be a consolidation and am anticipating a move higher. I showed two scenario's by means of the arrows. Key will be as always, to see a first bullish impulse break the structure of lesser degree followed by a consolidation so we can trade the continuation.
Comment:
It seems like AUDNZD might make another attempt to move lower so wait for a clear signal. Bigger picture will not change.
Comment:
The arrows show my ideal scenario for a major bullish reversal. But I will adjust when things change like we did the whole time. So far we are on the right track when it comes to forecasting the AUDNZD moves.
