AUDNZD is taking its time but I still consider it to be a consolidation and am anticipating a move higher. I showed two scenario's by means of the arrows. Key will be as always, to see a first bullish impulse break the structure of lesser degree followed by a consolidation so we can trade the continuation.
Note
It seems like AUDNZD might make another attempt to move lower so wait for a clear signal. Bigger picture will not change.Note
The arrows show my ideal scenario for a major bullish reversal. But I will adjust when things change like we did the whole time. So far we are on the right track when it comes to forecasting the AUDNZD moves.
Related publications
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.
Related publications
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.