I'm looking for the last decline towards 1.04 and maybe even lower towards 1.0277 before a firm bottom is in place for a major correction towards at least 1.1581.
The first indication of a bottom being in place is a break above resistance at 1.0709.
Wednesday, January 29, 2014
AUD/NZD - One more low needed to end the long term decline.
I'm looking for the last decline towards 1.04 and maybe even lower towards 1.0277 before a firm bottom is in place for a major correction towards at least 1.1581.
The first indication of a bottom being in place is a break above resistance at 1.0709.
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