AUDNZD-still not ready for the HUGE long term rally

FX:AUDNZD   Australian Dollar / New Zealand Dollar
379 0 15
Hello, after heavy fundamental news this week for the AUD it seems the dust already settled.
Im expecting more correction for this pair, according to EW guidelines we should expect a complex correction after a series of simple zigzags corrections (like the EURUSD             on D1 chart for example).

Looking at D1 chart we see theh price bouncing from a strong level of S/R and the channel:

Here on H4 chart we see a bearish bat pattern already triggered. A series of LL and LH suggest that we are still on downtrend.

Managing the trade will be tricky , so i will closely follow the price action for more clues.

Best regards.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out