So wave 1 en wave 2 of a larger degree third wave appear to be complete which means an impulsive move up is expected from here. Currently in a minor wave 2. This scenario would be invalid below 1.0569.
Thursday, July 28, 2016
AUD/NZD - Next impulsive rally about to take off
As explained here on July 4th a third wave was about to start and a minor wave 1 completed at 107.71. Then the pair went south and wave 2 ended at 1.0566.
So wave 1 en wave 2 of a larger degree third wave appear to be complete which means an impulsive move up is expected from here. Currently in a minor wave 2. This scenario would be invalid below 1.0569.
So wave 1 en wave 2 of a larger degree third wave appear to be complete which means an impulsive move up is expected from here. Currently in a minor wave 2. This scenario would be invalid below 1.0569.
