Hello, I want to share a series of screenshoot that is interesting to explain with clearly whey Australian Dollar/ New Zealand Dollar is go to leading to up!!!
On weekly as we are into this descendent triangle, don’t recall that we are in the supply zone!!!
On Daily we see that AUD/NZD is reach in the exact demand zone , and investor are buying AUD!!! So, this is a good news that Australain es into the recuperation and we would allow to following the Australia’s trend economic.
One of the most interesting analysis is the studies of the Elliot Wave Analysis, that study that I making, it’s show that we could see another formation of bull trend, in that case is a strenghten of the AUD
That screenshoot is also interesting too!!! Because that is so one of the screenshoot that explain so clearly how we are into this support line that in the past was resistance line, it’s will retest 3 once and we see that AUD is go to prepare to up!!! And also, in the second screenshoot we see a importank green level if you want to consider this position to put in long!!! And finally, we are in this bullish rising wedge , so guys, I see that the trend is goes to up and then, we hope it!!! So, the only confirmation as the AUD is broke down the rising wedge , that could be a fake movement, and then, it’s could be manipulated if you put a short position!!! Beware of it, because the trend is wanting to make a change. And the most is to hope, and please do not put any long position yet until we confirm with a bullish candlestick formation. So, I will going to updated this par!!! As tomorrow the Forex’s market it’s will closed up, so in case for Sunday we could to take this analysis when Forex’s market open up!!! But waiting for some hours until we cofirm it!!!