We have been on top of AUDNZD from the lows in 2015.
Last night volatility might have resulted in the bottom of wave 2 by means of wave 'v' of wave 'C'.
If that's the case we saw an impulsive reversal which should be confirmed by means of a consolidation (bull flag). This would give us the possibility to buy AUDNZD by means of buying the continuation.
The long term targets remain the same. I will be looking for 1.15 followed by 1.18.
Safe trades!
Last night volatility might have resulted in the bottom of wave 2 by means of wave 'v' of wave 'C'.
If that's the case we saw an impulsive reversal which should be confirmed by means of a consolidation (bull flag). This would give us the possibility to buy AUDNZD by means of buying the continuation.
The long term targets remain the same. I will be looking for 1.15 followed by 1.18.
Safe trades!
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