Elliottwave Analysis: AUDNZD, move stop to the entry, look to add on dips toward 1.0510
|AUDNZD closed above the necklace of a potential inverse head-shoulder bottom.
Daily oscillators are cross-over from their range lows.
For now we could use 1.0528-1.0496 as a pivot zone.
Holding above here, further upside toward 1.0617 is very likely.
Daily close back below 1.0528/1.0496, directly bearish toward 1.0373 could not be ruled out.
We still hold the long position from 1.0468, move stop from 1.0350 to the entry.
For sure you could partial close here, then the trade is overall risk free.
If seen, look to add on dips toward 1.0510.
AUDNZD Trade Idea: (Spot 1.0543)
Buy LImit @ 1.0510 SL 1.0420 Take Profit @ 1.0610
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