AUD/NZD has completed a clean 5-wave impulsive move to the upside, finishing Wave (1)/(A) near the recent peak. From here, the price looks ready to start a deeper correction in the form of Wave (2)/(B), which may pull back toward the lower support zone inside the rising channel. This corrective move could unfold in multiple legs before turning bullish again. Once Wave (2)/(B) completes, the chart expects a strong rally into Wave (3)/(C), aiming for new highs. In simple terms: a healthy pullback first, then a powerful upside continuation.
Stay tuned!
@Money_Dictators
Thank you :)
Stay tuned!
@Money_Dictators
Thank you :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.