Phils_Ocean

AUDNZD Daily Wave Analysis

Panjang
FX:AUDNZD   Dolar Australia / Dolar New Zealand
AUDNZD is in its final move to the downside. Have a look at my wave count:

  • Market finished Wave 4 which is a classic triangle pattern
  • Price broke through support with its final Wave 5 to form bottom
  • we are getting a nice RSI divergence across higher timeframes

  • Market sits currently at long-term trendline
  • 4H double bar candlestick pattern was formed, which is a nice entry signal

Have look at my previous analysis to see the downside potential of the last move was predicted:

Penafian

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