AUDNZD - SELL - DESCENDING WEDGE

1, Falling Wedge
2, RSI Divergence
3, Monthly Support Level

TARGETS BASED ON FIB CLUSTERED CONFLUENCE WITH PREVIOUS STRUCTURE

Note

Aussie Weighted Average (Relative S/W) - As you can see the strength and weakness of both currency pairs correlates perfectly well with the technical analysis on the chart - Aussie just broke the descending wedge and is also on a support level

Note

NZD Weighted Average (Relative S/W) - Kiwi on the other hand has formed an ascending wedge and is within an important monthly resistance area which indicates to me that it is due to fall.....

Note

FOR YOUR INFORMATION - IT SAYS SELL - BUT THIS IS IN FACT A BUY - TYPO MISTAKE. MY APOLOGIES.

Note

TP1

zorrays

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zorrays

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