Lets start of by looking at the previous elliot wave formation. We can see that a complete wave 1-5 followed by retracement wave a-c is completed. Currently, what we are able to see is BULLISH momentum starting to take place with recent higher high formation occurring, obeying the trendline drawn. I will be seeing this as a the start of wave 1 which I expects will ends around 1.0800 where 78.6 fib level as well as a resistance level is present there. We could see rejection forming wave 2 and eventually wave 3 to 138.2 fib level. Wave 4 could be a retest to 100 fib level where there is also a strong support level there which I foresee will give AUDNZD another bullish push forming wave 5 till 161.8 fib level.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。