Elliott Wave Analysis : AUDNZD May Face A Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Price on AUDNZD made a five wave sequence to the upside in black wave 1, thus meaning there could be a three wave correction in play in session ahead. Ideally we will get a retracement back to 1.0750/1.0700 before we get a new sharp move to the upside. Divergence also suggests that upside is limited. AUDNZD, 4H

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