ew-forecast

AUDNZD Showing Singns Of A Completed Correction

FX:AUDNZD   Australian Dollar / New Zealand Dollar
On the 4h chart of AUDNZD             we are observing a nice three wave corrective decline taking place from 1.0763 level as higher degree wave 2 or B, with price currently trading in final stages of sub-wave c. If that is the case, then we could be in for more gains as blue wave c has already showed us his five sub-waves. As such a reversal may be near and may have already started to unfold.
Break above the wave (iv) swing at 1.05417 would be the first confirmation for higher levels to follow.
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or not.
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May find cloud resistance around 1.06107
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Another good piece frds!
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