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Australian Dollar / New Zealand Dollar
Long
Jan 8, 2020
AUDNZD Daily Wave Analysis
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AUDNZD is in its final move to the downside. Have a look at my wave count:
Market finished Wave 4 which is a classic triangle pattern
Price broke through support with its final Wave 5 to form bottom
we are getting a nice RSI divergence across higher timeframes
Market sits currently at long-term trendline
4H double bar candlestick pattern was formed, which is a nice entry signal
Have look at my previous analysis to see the downside potential of the last move was predicted:
Phils_Ocean
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Elliott Wave
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priceaction
priceactiontrading
Trend Analysis
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Related publications
AUDNZD Daily
by Phils_Ocean
NZDUSD Wave Analysis - Wave 4 ahead
by Phils_Ocean
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