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Observation on the AUDNZD

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The pair is overbought and has reached the 123.6% Fibonacci projection. The last move was a distinctive 5 wave impulsive. Some corrective phase should come soon with the 1.20-1.19 as obvious target. A move over the current price area should bring the pair to the next logic target: 1.28 and...

    complete article here...

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