AUDNZD-short after the news

FX:AUDNZD   Australian Dollar / New Zealand Dollar
799 3 16
Last rally is showing signs of weakness, we could expect some correction or may be a deeper potential WXYXZ formation.

Before and after the news price could not hold above the round level 1.1000

We have also:

- MACD emas crossing
- RSI trendline broken
- 0.61 fib retracement
- potential WXYXZ pattern

SL and targets shown on chart.

Disclaimer: This is just and IDEA not a signal service.

thanks fulltime we should not be suprised if the exchange rate reaches higher than 1.1430during month ahead
FullTimeTrader manijeh.kazemi.33
Hello, thanks for comment. My bias is also bullish on this pair (see related idea). I think the AUD recovery will be not straight but choppy, so i expect a pullback here or may be a deeper WXYXZ structure. Not 100% sure but worth a try. Regards.
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