The AUDNZD has been in a slow uphill grinding corrections. This last leg down looks to be a C leg that may be ending on this up trendline. With the count I am showing currently this count needs a C leg up toward 1.1200 to complete the correction.
Looking at the 4 Hour Chart you can see the pair is right on the trendline, wave 5 does equal waves 1-3 and the RSI is showing divergence.
I will be looking for a series of higher highs and higher lows for long possibilities with a target of 1.1200.
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| AUDNZD 4 Hour Elliott Wave Count |
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| AUDNZD Daily Elliott Wave Count |