AUDNZD is the end of the monthly down wave, and it can be a monthly up wave by the monthly unit correction process while drawing the start line of the yearly up wave.
Currently, a weekly upward wave is in progress, and a 4-hour upward wave is in progress in the lower hour. Even after the 4-hour uptrend ends, it is likely to rebound because there is a daily demand zone. Then it will be propagated as a daily rising wave. If the daily upward wave propagation fails, the weekly upward wave is likely to end, and if so, it will come down to the monthly demand zone.
And, the possibility of a rebound in the monthly demand zone is very high, because the starting line is the starting line of the yearly correction trend of the upward wave.
In conclusion, it is highly likely that AUD will continue to rise monthly versus NZD.
Currently, a weekly upward wave is in progress, and a 4-hour upward wave is in progress in the lower hour. Even after the 4-hour uptrend ends, it is likely to rebound because there is a daily demand zone. Then it will be propagated as a daily rising wave. If the daily upward wave propagation fails, the weekly upward wave is likely to end, and if so, it will come down to the monthly demand zone.
And, the possibility of a rebound in the monthly demand zone is very high, because the starting line is the starting line of the yearly correction trend of the upward wave.
In conclusion, it is highly likely that AUD will continue to rise monthly versus NZD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.