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justagirllearningtotrade
Jun 13, 2021 1:06 PM

AUDNZD FINISHING CORRECTIVE STRUCTURE Short

Australian Dollar/New Zealand DollarFXCM

Description

It looks like this pair is finishing out it's corrective ABC structure. Price has broken through an uptrendline and looks to be testing the backside of it. Using the fib tool, for the short term, I'd be looking for price to travel to the beginning of the uptrend. Long term, the matching extension is 1.0300. Entering a market order for a sell.
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