AUDNZD Will Fall

20 feb 2024

✅AUDNZD started falling well from the 🔴Resistance zone(1.0712 NZD-1.0686 NZD)🔴 and the Resistance line and was able to break the Uptrend line.

🌊Regarding Elliott wave theory, it seems that AUDNZD finished wave 4 at the🔴Resistance zone(1.0712 NZD-1.0686 NZD)🔴 and is completing wave 5.

💡The important point is that AUDNZD has lost the Support line and Ascending Channel, which can be a sign of further decline.

🔔I expect the AUDNZD to continue falling and at least break to the 🟢Support zone(1.055 NZD-1.046 NZD)🟢.

Australian Dollar/New Zealand Dollar ( AUDNZD ), 4-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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21 feb 2024

Trade attivo