AUD/NZD Weekly
AUD/NZD 4 Hourly
AUD/NZD:
Please read this post first: http://theelliottwavesufer.blogspot.dk/2013/07/elliott-wave-analysis-of-audnzd-long.html
With a low at 1.0885 the target-area between 1.0856 - 1.0935 has been penetrated. As long as minor resistance at 1.0968 protects the upside we could see a move slightly lower towards 1.0856. That said, we are very close to an important bottom and a break above 1.0968 will be the first indication, that this bottom is in place, while a break above 1.1048 confirms the bottom for a rally back towards 1.1226 as the first target. Longer term we should at least see a move higher towards wave 4 of C at 1.1581.
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