AUDNZD Elliottwave Technical Analysis: Looking for re-enter short on higher price
27 January 2016, 09:28
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Talking Points:
- AUDNZD Technical Strategy: Bearish
- Elliottwave Count: Current move is consolidation and be part of wave y
This pair is playing scenario 2 from our previous analysis. Considering this face, we will watching price action. Price can trade higher 1.088 to 1.09 before reversal hinted. We also should note that, 1.08860 is 61.8% fibbo zone and current upward price action is not a implusive in nature. Considering all indicators and wave count, we will be waiting to see reaction on 1.088 area. To see how we trade, subscribe us on "Trade Signal" section or try us on risk free trial of 14days
