On December 30th, 2016, we published “AUDNZD Bears Weaker Than They Appear.” At the time of writing of that article, while the pair was trading near 1.0380, we thought the bulls should soon return and lift AUDNZD much higher. The reason for that optimism was the Elliott Wave analysis of the chart below. As visible, […]
If you have read our last ARTICLE about AUDNZD, you know we had a long-term bullish outlook on the pair two months ago. We still do. However, instead of up, the cross has been going down ever since and is trading around 1.0385 as of today. We know it could be difficult to stick to […]
AUDNZD was trading around 1.0460 on June 29th, when we published “AUDNZD to Throw a Surprise Bull Party”(see original article), where we shared our opinion, that, based on Elliott Wave analysis, we thought the pair is suitable for long-term buys, as long as 1.0019 was safe. Currently, AUDNZD is trading around 1.0650, after climbing as […]
AUDNZD climbed as high as 1.1332 in March, but thing did not go very well for the bulls, who lost control and allowed the bears to sink the pair to 1.0408 as of June 9th, 2016. Just as it was all looking bullish three months ago, it is all looking bearish now. And that is why […]
On September 2nd, we published “AUDNZD With Great Growth Potential”. However, one of the two most probable counts suggested “the pair could fall as low as 1.06, before uptrend resumes”. The only reason for this assumption was the daily chart of AUDNZD. It is given below. As visible, AUDNZD was trading near 1.1060 back then, which […]
AUDNZD has been trading between 1.1430 and 1.0900 since the beginning of July. Trading in ranges is much more difficult than following the trend. So, could we expect the pair to start trending soon? The Elliott Wave Principle might help us find the answer. Let’s check a daily chart of AUDNZD, in order to see […]
Five waves up and three waves down means we should expect another impulsive rally in AUDNZD soon. Invalidation level at 1.0838.