FX:AUDNZD Australian Dollar/New Zealand Dollar
A Little More Downside for AUD/NZD due before a nice bounce UP 1.09010 Looks like a good initial Target / aim for the market at convergence of and 200ma.
I agree with your view of long trade on this pair. But the low needs to be formed first and it could drop to 1.042 or even little lower. Based on my EW counts, once this cycle completes I am anticipating substantial rally and not just minor retracement. Here is my published chart to show what I mean.