An update on this mid-term analysis on AUDNZD and the bullish wedge. As we can see, it took more time and a slightly bigger drop to complete the wedge. Yesterday the NZD took a hit because of FA news, that is the reason why this big squeeze up has happened. This could be and should be the start of a bigger rally coming weeks.
I see 2 options now which can be seen on the right:
1) Making a bull flag and staying inside of that range
2) Seeing the flag fail and making a bigger correction to make a higher low and re testing the wedge as support.
Previous analysis:
I see 2 options now which can be seen on the right:
1) Making a bull flag and staying inside of that range
2) Seeing the flag fail and making a bigger correction to make a higher low and re testing the wedge as support.
Previous analysis:
Nota
Looks like it is going to be another type of flag, meaning a bigger one. So i have changed it. We should not break that green support now, otherwise the correction will most likely be bigger, testing the support of the wedge.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.