CurrencyWaves
Short

#AUDNZD still working on wave (II) down

FX:AUDNZD   Australian Dollar / New Zealand Dollar
#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.
Comment: 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.

snapshot
Comment: 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).

snapshot
Comment:
snapshot


If the pair stays above the 1.04889 low we could be stating that third wave.
Recent sharp fall looks like 3rd wave so it may form a flat with this current move in 5 waves down to complete wave-C and hence completion of flat.
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CurrencyWaves Elliottician_SamRoy
yep..certainly not slowing down yet..
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