(a) of 2(or B) is developping in 5 waves and may finish near 14,28 or 13,96
Round b retrace more than 0.618 round a . So, even if some purist won't agree , 2 is developping zig-zag Soon audnzd will touch weekly support near 1,063
Settle your watches for tomorrow ! 9pm GMT NZD interest rate 1:30 am GMT AUD Jod & Jobless May they be favorable for a long setup ?
Expecting downtrend wave-C usdcad is in the same situation as on last september where : B = 0.618 A (c) = (a) and now (5) is finishing
I'm waiting reaction on monthly support , near 0.786@ 1,435
Can we expect smaller retracement for Zig-Zag 2 ? If yes, buy@ 1,089
as convergent Initial diagonal 5-3-5-3-5 Sell @ 1,1060 - 1,1100
Bounce situation for >price @0,618 >and rsi on support Buy@1,48 for longterm trade
From oct 2008 to july 2012 eauraud (monthly) made bearish impulsive A Now, Following by Zig-Zag . Last july breakout is followed by nowadays pullback Euraud may search (c) = (a) at 1,8 to finish B.
Will price and RSI be stopped respectively by their oblique resistance ?
audnzd H4 : FLAT or ZIG-ZAG (b) correction before bullish impulsive (c) ?
H4 chart : Expanded Flat wave-4 Now wave-C is developing ...target@16,0 End of wave-2 retracement ?
USDCAD W > near B = 0.618 A > B Flat > c = a > near Oblique resistance > Short cluster between 1.33862 - 1.34590