AUD/USD WEEKLY POSSIBLE MOVEMENT FORECAST.
1. FALSE BREAKING DOWN HAPPENED SEVERAL WEEKS BEFORE.
2. MIDDLE TERM TREND LINE HAS BROKEN.
3. LONG TERM TREND LINE GIVE A LOT OF SPACE TO RUN UNTIL NEXT TOUGH.
4. DOUBLE BOTTOM HAS ESTABLISHED.
5. RECENT MOVEMENT IS MOST LIKELY THE THE 1 WAVE.
NOW WHAT TO DO IS WAITING A RETRACEMENT TO THE BOTTOM, WHERE IS A GOOD...
NZD/USD have a big bounce from 0.6415, I think in the next few weeks NZD/USD may create a new high in the daily chart. Now it's a good time to setup a long entry.
The first target is a short-term target.
This entry could also be a long term entry.So the second target will be the top of the daily channel, also around 1.27 extension of the last move.