AUDNZD Weekly Look - time to start building long positions

Here we can see the weekly chart and the AUDNZD is forming a wedge pattern which could go as low as 1.04. I will start building long positions in the area under 1.056 at key points, my stop will be a daily close break below the triangle.

First target will be 1.075, with a secondary target of 1.09.

See similar idea from BLUE43 for key area's to go long.

Note

In the buy zone. Could we be seeing sub 1.04? I guess we'll find out.

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Buy limit orders at 1.035 - 1.038. SL 1.033

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Volumes starting to pick up now, will it proceed the price?

djl317

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AUDNZD ABCD On sup 1 or triangle on ext sup 2

by BLUE43

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