AUDNZD: Hurst Cycles - 8th April 2022
A crisp bounce off the 20 week FLD for the most recent 80 day nominal low in this excellent phasing. Ahead, the peak of the 40 day and possibly 80 day components.
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
AUDNZD continues to be an excellent periodic instrument, crisply moving to and bouncing from the 20 week FLD support in mid March. Our target of 1.060-1.062 was achieved around the 20 week FLD, noted in the last report.
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