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Multi-Month Bottom in Place for AUD/NZD?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week I had written that we were approaching our intermediate target zone for wave ((c)) of B down and was looking for a reversal out of the pair ideally after a move slightly lower into the longer term target zone. At the time of that writing we were trading just over the 1.0530 level just over our ideal target zone of 1.0557 – 1.0179. Well the pair ended up bottoming at 1.0495 just a few hours after the initial publication of the article and is now currently trading over 300 pips

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