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Elliott Wave: AUD/NZD Looks Lower

Published 12/06/2017, 11:40 AM
Updated 07/09/2023, 06:31 AM

Good day traders!

AUD/NZD made a nice top for corrective wave B of a higher degree around the 1.111 level. The drop that followed may now be the start of wave C, which can unfold five-waves toward the lower channel line and the 1.0840 region. From there, a temporary pullback can follow.
4-Hour AUD/NZD

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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