AUDNZD Daily
Price is still under falling trendline and forming a triangle/wedge pattern. So far no breakout above the resistance occurred and we are patiently watching.
- Triangle & Wedge pattern are typical forms of a Wave 4 correction
- RSI was in the extremes, what is typical for a Wave 3
- A final push to the support is likely to occur
- This final wave 5 would also most likely deliver nice RSI divergence
- The market should be ready to rise for new highs on the longer perspective
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