AUDNZD - Potential Bullish-Break:

AUDNZD potential bullish break to some upside based on the Bullish 1.128* AB=CD (1.618/0.707) - 1.05410 (Pattern).

Status from the other indicators:
- Absolutely no-confirmation from the Ichimoku yet...
- Absolutely no-confirmation from the MACD & the Crossover yet...
- Absolutely no-confirmation from the AO yet...

As such; it is now somewhat-risky to start a Long position from this point currently; (but perhaps consider starting a small Long position from here; if the need to)...

Regards.

Kommentera:

Note (warning);

AUDNZD still has potential for more downside... As you can see, the Ichimoku, MACD, & the AO indicator are still deeply bearish...

We shall wait until there is proper bullish confirmation (to Long this pair).

Regards.