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EWForecast

AUD/NZD: Three Waves Correction Higher Soon

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
EWForecast  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
2
0
AUD/NZD has rallied since early this year and tops out at equal leg. From the high, we can see 5 waves drop with RSI divergence. Wave 5 looks to be an ending diagonal. One more low should complete wave 5 and three waves correction to 50% retracement of the high should start soon.

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