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AUD/NZD failed at 1.1594 resistance Friday; downside target 1.0908?

FXstreet.com (Barcelona) – The AUD/NZD appears to be in the midst of the next wave lower with a minimum downside target of 1.1253 and possibly even 1.0908.

AUD/NZD sliding on a bearish technical set-up and geo-political tensions

AUD/NZD has turned back to the downside after a corrective “abc” move up to 1.1598. That corrective move is definitely leading to a primary move lower. But, the question is whether it is a short-term wave with 1.1253 as a target (from 1.1485 currently) is in process or it is a larger primary move lower with a target of 1.0908. …read more