AUDNZD Chart Technical Outlook

AUDNZD Forex Signal By Trading Twist
Buy Limit Order 1.0826
SL: 1.0795
TP: 1.0965
AUDNZD Chart Technical Outlook The daily chart highlights the completion of a bullish Elliott wave count (5 -waves) close to the 261.8% extension level of 1.1033. The subsequent five-wave pattern to the downside is assessed as the A leg in an ABC correction.
The six-hour chart highlights the completion of a bullish Butterfly formation at 1.0806. Strong buying pressure from this support level has highlighted bullish outside candles in various time frames. These candle formations are often seen at the base of a trend and the start of a new upward bias. I have placed the stop loss below bespoke support at 1.0804.

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