On 4H chart of AUDNZD we are observing a five wave drop from recent highs at 1.13343 zone, that could be near completion, as the last wave 5 is in the making. We believe that the final wave 5 can be pushing price towards the 1.618 or 2.0 Fibonacci projection levels, from where a new turn to the upside may occur.
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www.ew-forecast.com
@ewforecast