AUDNZD Update II: Pair Trading In A Correction

FX:AUDNZD   Australian Dollar / New Zealand Dollar
On the 4h chart of AUDNZD             we see that red wave iii             seems to be completed, because of a pull back in red wave iv. Now price is trading in a correction. The pullback in red wave iv may retrace to 38.2 % or 50 % of previous red wave iii             . After the correction is completed, price may reach higher levels in red wave v.

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