FX:AUDNZD   Australian Dollar / New Zealand Dollar
From the perspective of homeopathy operation, you should be short, but it is obvious that there are some rebound demands at present, which may be more than 70 points.

The bearish trend is based on the fact that the daily line is double peaked, and the MACD top deviates, and the rebound band is about 0.618, which is just a good signal to end the rebound.

At present, as the beginning stage of wave C, short after rebound is a game opportunity with the lowest risk and the highest return rate (the best right operation opportunity), and the final decline will be lower than the bottom of 2020 / 12 / 01. I estimate that the decline will end with a rise of 0.618-0.786 since March, which is more natural and in line with the principle that the K-line must be beautiful (perfect).

The rebound is based on the obvious long shadow line in 1H, and the lowest point is exactly 0.5 of the whole a wave decline. It is reasonable to take it as a support, and it is at the bottom of the cloud in 4H. And the deviation is more and more obvious, and the strength of decline is declining wave by wave. So to sum up, I see a rebound, but why is it to rebound to the supply area and short along the trend.

First look at the rebound, and then empty, it is best to choose homeopathy operation. Audnzd can be used as a reference for Australian dollar and New Zealand dollar, and can reflect market risk preference.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.