AUDNZD Update II: Pair Trading In A Correction

On the 4h chart of AUDNZD we see that red wave iii seems to be completed, because of a pull back in red wave iv. Now price is trading in a correction. The pullback in red wave iv may retrace to 38.2 % or 50 % of previous red wave iii. After the correction is completed, price may reach higher levels in red wave v.


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