AUDNZD turned sharply down in the last quarter of 2022, signaling the end of a higher-degree bullish structure.
We discussed this back in 2022 and warned about a bearish turning point, which should resume even lower as the pair shows an impulsive drop for wave on the daily chart.
Therefore, there is potential that the RBA should stay hawkish, which can keep the Aussie in an uptrend, not only against the New Zealand dollar but possibly also against the US dollar. AUD/NZD daily chart In fact, we also discussed bullish Aussie prospects in ourwebinar on Monday, where we showed you a bullish triangle on AUDUSD pair.
AUDNZD Technical Analysis Elliottwave
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