#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.

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).


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.
CurrencyWaves Elliottician_SamRoy
yep..certainly not slowing down yet..
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