Looking for a five wave move up to 1.1700 to complete this zig zag correction before a strong move down. The first wave up should be near completion.
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Still waiting on the wave 2 pullback toward the 1.0500 area. Above 1.07647 before reaching that area would indicate a shallow wave 2.
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Note really impressed with this wave i of 3 up here but going with a possible leading diagonal until proven wrong with a break of 1.03638.
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Still looking higher on AUDNZD as long as the 1.02371 holds.
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We could be nearing the end of wave 2 here this week and start the 3rd wave up. I think the pair is currently in a 4th wave of c of y of 2. When the 4th wave is complete I expect a spike down below 1.03638 for a stop run and then higher.