Expanded flats occur when the market is willing to go further down the impulse, but the timing just isn't right. So instead of wave 5 we have a in wave B, which is followed by an impulsive wave C - the latter to release the hidden counter-trend pressure. Then the impulsive movement resumes in the direction of the trend.
So what will happen soon, I hope, is much more strength in NZD which will reverse the trend.
The target point for the reversal is 1.1336, where wave C equals 1.618 of wave A.
A funny thing happened when I tried to estimate the target for the end of wave 5. I first traced a ray with my hand and release the mouse at the point where I felt the end of the trend would have the most "proportion", visually. Then I traced 0.618 of the net run of wave 1-2-3 and it landed precisely at the end of the ray that I had drawn :)