First let's have a look at the weekly chart for context:
Focusing on wave C on tells us several things. First of all; it seems like wave 1 of wave C was a and like I mentioned in my NZDUSD posts recently, a diagonal wave often comes with a ( ABC ) correction. I believe we might see such a ( ABC ) correction on the daily and 4 hour time frame. The question is whether this potential ABC is already over and therefore I prepared two scenario's on the lower time frames.
Key for both scenario's is that I expect either a retrace by means of a consolidation ( scenario) or a sharp reversal ( scenario) for a slightly lower low for wave C.
This is what I'm waiting for because although this is my bias (move to 0.81) I will wait for the market to confirm this to me.
Updates will follow: