Elliott Wave Analysis: EURAUD and AUDNZD View

EURAUD is making a nice leg up in the last 48 hours which has impulsive qualities to the upside. It can be a new change in trend to a bullish mode, so it can be good set-up after a three wave retracement next week. But somehow I like AUDNZD shorts more rather than EURAUD longs, and reason is because EURUSD is trading close to resistance where sell-off can impact EURAUD as well. AUDNZD will be on my radar screen after a bounce up in wave 2.



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