On the 4h chart of AUDNZD we are observing a nice three wave corrective decline taking place from 1.0763 level as higher degree wave 2 or B, with price currently trading in final stages of sub-wave c. If that is the case, then we could be in for more gains as blue wave c has already showed us his five sub-waves. As such a reversal may be near and may have already started to unfold.
Break above the wave (iv) swing at 1.05417 would be the first confirmation for higher levels to follow.
Break above the wave (iv) swing at 1.05417 would be the first confirmation for higher levels to follow.
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Disclaimer
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