AUDNZD240 Interesting Symmetry
Hello all,
We have an interesting play on the AUD/NZD longer term downside to test the initial target around 1.01250 before finding support to the upside initial target to 1.01750 and breaking that larger median line at around 1.02300. Supporting this view we have 1. The possibility of a repeating downward range that lines up nicely with both lower parallel, the smaller green dotted median line and the upward reaction low target.
Let's see how this unfolds
Sincerely,
TIK
We have an interesting play on the AUD/NZD longer term downside to test the initial target around 1.01250 before finding support to the upside initial target to 1.01750 and breaking that larger median line at around 1.02300. Supporting this view we have 1. The possibility of a repeating downward range that lines up nicely with both lower parallel, the smaller green dotted median line and the upward reaction low target.
Let's see how this unfolds
Sincerely,
TIK