Elliottwave Analysis: AUD/NZD, Long at spot

Yue Wang LinoCapital

AUDNZD cloesd below the long term uptrend line.

But further downside may be limited from both fundamental and technical perspective.

To the downside, 1.0413/ 1.0374 ideally hold the price and turn the trend higher again.

Daily close above 1.0617 should be the first trend reversal sign.

AUDNZD Trade Idea: (Spot 1.0468)

Buy @ market SL 1.0350 Take Profit @ 1.0580

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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