1, Falling Wedge 2, RSI Divergence 3, Monthly Support Level
TARGETS BASED ON FIB CLUSTERED CONFLUENCE WITH PREVIOUS STRUCTURE
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Aussie Weighted Average (Relative S/W) - As you can see the strength and weakness of both currency pairs correlates perfectly well with the technical analysis on the chart - Aussie just broke the descending wedge and is also on a support level
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NZD Weighted Average (Relative S/W) - Kiwi on the other hand has formed an ascending wedge and is within an important monthly resistance area which indicates to me that it is due to fall.....
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FOR YOUR INFORMATION - IT SAYS SELL - BUT THIS IS IN FACT A BUY - TYPO MISTAKE. MY APOLOGIES.