FX:AUDNZD Australian Dollar/New Zealand Dollar
The 0.618 retracement of the non-harmonic (in blue) lines up nicely with the 0.618 of (in green). The triangle suggests that we are in the midst of an A-B-C within the C-D leg of the . A TP calculated from the triangle has already been hit, however, there is the expectation that wave-C ought to contain five waves, either as an impulse wave or as an ED. This final leg does appear impulsive, but the third wave is shorter than the first, which would mean that wave-5 ought not to exceed 1.1262, barring extensions. Note the breakout and re-test of the descending TL in red. The 1.125 level is visual resistance from the left side of the chart.