AUDNZD - Ready for an upside impulse move?
Since late October, price has been falling correctively, and recently found support around the 1.0990 area.
As long as price remains above 1.0978, we continue to expect one more impulse move to the upside, potentially breaking the previous high at 1.1292.
We are looking to get into a long trade should price break above 1.1107 convincingly, with a target at 1.1458.
Disclaimer - this is not a trade call. Make sure you understand the risk in trading before taking any trade.
As long as price remains above 1.0978, we continue to expect one more impulse move to the upside, potentially breaking the previous high at 1.1292.
We are looking to get into a long trade should price break above 1.1107 convincingly, with a target at 1.1458.
Disclaimer - this is not a trade call. Make sure you understand the risk in trading before taking any trade.