$AUDNZD Daily #ElliottWave Count

 $AUDNZD Daily #ElliottWave Count

I mentioned in a Tweet last week that the #AUDNZD may be breaking higher out of a down trend channel.  Today the pair had a daily close outside of the channel along with the RSI having the strongest close since Oct. 8th 2020.  The AUDNZD downtrend may be over,  I do believe the pair is headed above 1.1044.

$AUDNZD Daily #ElliottWave Count

$AUDNZD Daily #ElliottWave Count

   

#AUDNZD Daily and 4 HR #ElliottWave Thoughts

AUDNZD Daily and 4 HR Elliott Wave Thoughts

The AUDNZD has been in a slow uphill grinding corrections.  This last leg down looks to be a C leg that may be ending on this up trendline.  With the count I am showing currently this count needs a C leg up toward 1.1200 to complete the correction.

Looking at the 4 Hour Chart you can see the pair is right on the trendline, wave 5 does equal waves 1-3 and the RSI is showing divergence.

I will be looking for a series of higher highs and higher lows for long possibilities with a target of 1.1200.

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AUDNZD 4 Hour Elliott Wave Count

AUDNZD Daily Elliott Wave Count