AUD/NZD Price Action Analysis
Keeping it very simple this time. As you can see, AUD/NZD is trading inside a beautiful descending formation and I expect to see a breakout for an amazing move to the upside.
Our first target will be the 61.8% Fibonacci Retracement level at (1.08708). Breaking this level will push AUD/NZD towards the beginning of the falling wedge around the 1.0927 area. Keep in mind that not always the price reaches the beginning, and that's why it is way better to put a TP area and not a specific level.
Our first target will be the 61.8% Fibonacci Retracement level at (1.08708). Breaking this level will push AUD/NZD towards the beginning of the falling wedge around the 1.0927 area. Keep in mind that not always the price reaches the beginning, and that's why it is way better to put a TP area and not a specific level.
