#AUDNZD still working on wave (II) down
#AUDNXD mat have completed A of (II) down and working on B up now, I would excpect the B wave to end as the RSI reaches the downtrend line.
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I changed the count fir wave (II) down to a WXY and wave y may be in wave c now. Looking for support in the 1.05 area.
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Looks like c of Y of (II) is turning into an ending diagonal. I would suspect the 1.044 area near the 61.8 retrace of wave (I) and the 161.8 extension of wave a is going to be support and the end of wace (II).
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If the pair stays above the 1.04889 low we could be stating that third wave.
If the pair stays above the 1.04889 low we could be stating that third wave.
