AUD/NZD Trading In Five Wave Of An Impulse
On the intraday chart of AUDNZD we see price trading in potential wave 5), meaning we can expect a corrective reversal to show up in the near-term. The current rise may stop around the first region of resistance around the 61.8 Fibonacci ratio, or if price continues strong then around the 100.0 Fibonacci projection target.
AUDNZD, 30Min
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