AUDNZD: Reversal Loading

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AUDNZD: Reversal LoadingAustralian Dollar/New Zealand DollarFX:AUDNZDKhoraCapitalThe Aussie Dollar is under some pressure after those soft CPI numbers. Looking at the charts, I am assuming it is exhaustion for this pair and a clean rising wedge, and the Elliott Wave count (A-E) looks complete right at the resistance ceiling. Technical View: I'm seeing a classic rising wedge reversal pattern. Momentum is fading even as price edges higher, which for me is a clear sign of a trend shift. The Goal: I’m looking for a break below the wedge to confirm my move back toward the 1.19370 support level. I like to keep it simple—when the macro data misses and the chart shows this kind of wedge, I find the path of least resistance is usually down. #AUDNZD #Forex #ElliottWave #TradingView #TechnicalAnalysis #Macro