AUDNZD
AUDNZD has broken higher last week but came back down. We are almost at the -27 fib level on the higher timeframe. I see two scenarios on how we can reach that possibly this week.
Frist scenario is price can go up from now respecting the minor support level to the left of it, or slightly go beneath the left low making a 1-2-3 Flat correction and going up the -27 fib level and major trendline.
Second scenario is price to come down lower and bounce off the bullish trendline and support zone to come up to the -27 fib level and major trendline.
Frist scenario is price can go up from now respecting the minor support level to the left of it, or slightly go beneath the left low making a 1-2-3 Flat correction and going up the -27 fib level and major trendline.
Second scenario is price to come down lower and bounce off the bullish trendline and support zone to come up to the -27 fib level and major trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.