Analysis We were bullish on AUDNZD since Sept month and booked handsome profit on reversal 1.0340. We now looking to re-initiate long position on confirmation. Current pricing structure suggesting a flat correction near previous wave 4 region. This region provide target zone for wave 1 after reversal. As current price is trading in a channel, we are seeking for few confirmation to mark this as a flat correction and initiating long position with defined stoploss.
Action Looking for long opportunity for targeting above 1.0910
Pair is moving as expected and we are already in a trade for our targets. We mark this as a flat correction as described in above analysis and moving our stop loss 1.0590
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