Timing is key

AUDNZD240 Interesting Symmetry

FX:AUDNZD   Australian Dollar / New Zealand Dollar
290 3 2
Hello all,

We have an interesting play on the AUD/NZD             longer term downside to test the initial target around 1.01250 before finding support to the upside initial target to 1.01750 and breaking that larger median line at around 1.02300. Supporting this view we have 1. The possibility of a repeating downward range that lines up nicely with both lower parallel, the smaller green dotted median line and the upward reaction low target.

Let's see how this unfolds


This is my view on this pair:

jangseohee fxmentorbd
lets be conservative and aim for 1.01500 and see how it behave :-)
else it could go all the way down
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