Elliott Wave Analysis: AUDNZD Looking To Breach Higher


AUDNZD is turning nicely up from 1.0462, where A-B-C decline from 1.0567 top appears completed because of recent break above the trendline resistance which opens room for a new high. I am still holding longs against 1.0460 stops.

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.