AUDNZD has more room to drop
The AUDNZD pair followed exactly the pattern we presented on our previous analysis on September 23 and after completing a standard +4.70% rise on the blue Channel Up, it broke below it:
The pattern that was our benchmark on this accurate projection was the January - July 2021 Megaphone. After a rebound on the 0.786 Fibonacci level, the price got sold-off to a new Low on the 1.618 Fibonacci extension. That extension on today's pattern is just below 1.07000. Only a 1W MACD Bullish Cross can invalidate the selling.
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The pattern that was our benchmark on this accurate projection was the January - July 2021 Megaphone. After a rebound on the 0.786 Fibonacci level, the price got sold-off to a new Low on the 1.618 Fibonacci extension. That extension on today's pattern is just below 1.07000. Only a 1W MACD Bullish Cross can invalidate the selling.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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