AUDNZD Daily

Price is still under falling trendline and forming a triangle/wedge pattern. So far no breakout above the resistance occurred and we are patiently watching.

• Triangle & Wedge pattern are typical forms of a Wave 4 correction
  
• RSI was in the extremes, what is typical for a Wave 3
  
• A final push to the support is likely to occur
  
• This final wave 5 would also most likely deliver nice RSI divergence
  
• The market should be ready to rise for new highs on the longer perspective