AUD/NZD Weekly
AUD/NZD - 4 Hourly
AUD/NZD - The first impulsive rally from 1.0231 is nearing its completion
The first impulsive rally in wave i is nearing its completion. Ideally wave i will complete at 1.0663 for a correction back to at least 1.0469 and maybe even closer to 1.0333 as second waves often a quite deep, but they can never ever break below the starting point of the first impulsive wave, which in this case means that no break below 1.0231 can be allowed.
Longer term, I'm looking for much more upside progress for this cross, with the next larger target seen near 1.1330 (the Inverse S/H/S neckline) on the way higher to at least 1.1924 and more likely even closer to 1.2958.
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