Home Forex Forex Market Analysis LONG-TERM PICKS – Watching The PRZ In AUD-NZD

LONG-TERM PICKS – Watching The PRZ In AUD-NZD

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Instrument: AUD-NZD

Main Outlook: Bullish.

Forecast Timeframe: 2 to 3 weeks.

 

Summary.

The cross is developing a bearish structure that has reached the level of Fibonacci retracement F(61.8) 1.07181, from where we turn on alerts of the possible formation of a reversal pattern that could lead to new highs. Our objective level is 1.1363 and in the longer term the levels 1.17 and finally 1.21. The invalidation level is 1.0222.

 

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