Huraian
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.A long scenario for AUDNZD.
Need to wait for
1. Wave structure - seen a minor wave 3 completed , and need for waves 4 and 5 to play out.
2. Intermediate Support level test- at 102.40
3. Test Further Pivot Support - price to move through S1 towards S2.
4. RSI to move back down well into the Oversold region.
When the above has occurred some form of candlestick / oscillator / moving average confirmation
Entry likely 101.50 - 102.50.
Targets are fibs .382 and .618 . Fair value would be in the middle of the range at 106.50 ......... :)