The Australian Dollar New Zealand Dollar cross (AUDNZD) may be on the verge of an immediate rebound… following its hammer candle yesterday, coming off its MT support trend line.
Contingent upon its remedial example, we could conceivably see a critical bob from current levels.
On the off chance that the present adjustment is a piece of a triangle, then the ricochet would be more critical and costs could undoubtedly move to retest its 50-day SMA or 1.1143, where wave-d is equivalent to 0.618x of wave-b.
On the off chance that the present tumble from the 1.1334 is a level example, then the bob could conceivably end near the 1.0922 levels or its 200-day SMA before the following leg down to beneath 1.0489 happens.
Simply after a plunge beneath 1.0489, then the following leg up to above 1.1430 would happen in the bigger wave-C
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