FX:AUDNZD Australian Dollar/New Zealand Dollar
On the 4h chart of AUDNZD we see that red wave iii seems to be completed, because of a pull back in red wave iv. Now price is trading in a correction. The pullback in red wave iv may retrace to 38.2 % or 50 % of previous red wave iii . After the correction is completed, price may reach higher levels in red wave v.