AUDNZD executed all three waves of a flat correction and is heading down, a good first impulse is completed (visible on 1H charts). I expect the movement to continue and to reach the target of 0.92 of wave 5 of a larger movement. The correction was large enough in terms of duration which makes me believe it will be a simple one (no X waves this time).
Note that this is a very long term movement - the decline may last 6 months or more, so it may not be worth you margin in order to keep this position active.
(See original projection attached).
Note that this is a very long term movement - the decline may last 6 months or more, so it may not be worth you margin in order to keep this position active.
(See original projection attached).
