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Target Approaching for AUDNZD

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The AUDNZD pair is finally approaching our intermediate target zone for wave ((c)) of B down. The ideal target zone for wave ((c)) of B down comes in at the 1.0557 - 1.0351 levels which we are currently sitting just above. Ideally, I would like to see us head slightly lower into the target zone, although given that we are sitting at the 61.8 retrace off of the initial move up we may be very close to a bottom. Initial targets for wave C up come in at the 1.1889 -1.2331 level but we will be able

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