If you know the personality of this pair when it starts rallying no one can stop it.
I think the rally already started. Price is making a shallow retracement now to strong level of S/R.
I will try to enter here or lower. It this setups fails it would be a small loss but i do no want to miss the big reward.
I first posted NZDUSD; but now I also have AUDUSD. Adding your idea to related ideas as well.
There's a moderately high probability of a retracement and continued rallying in this pair until at least November 9. There's a lower probability chance of rallying towards 0.77845 by February 2nd, 2016 or earlier too.
800 Pips, I think it's quite possible. Especially if we get a clean break past 0.75300 (previous Support/Resistance and long-term Pivot, Trading Central).
The RBA is currently keeping an open mind as pertains to monetary policy while Fed Funds Futures show little chance of a FOMC Rate Hike this year.
This has the potential to move quite high.