Based on the market geometry I expect a downward movement to the first target. I do consider a second target as well, but reaching that is not very expected for the upward bias of the market. But will keep my eye on it. Also watching out the big head and shoulders pattern to see if it makes any sense in future.
As long as a trend is in its normal state, there's usually a line acting as the zero level for waves in the trend. Whenever price reaches and passes the center line, it is expected to reach an extreme as far as the distance between the last extreme and center line. When it fails to do so, it's an early indication that the current trend is coming to an end.
I see a kind of symmetry in the recent waves of NZDUSD. Following this symmetry, I am going to sell it. But keeping an eye on the symmetry line (thick purple line) to see if it gets broken to the upside, it's a sign that we already have reached a higher time frame target and going up to the horizontal white line is possible.
Despite the expectations for today's rate decision, market geometry shows the possibility for another move to a new high for NZDUSD. The last impulse move went a little higher than expected but didn't fully touch the target except for a shadow. So a new move to the target line is possible.
I also will watch the 0.66 area carefully to see if it breaks below by...
I see a double top at the area I expected a target. So there's a potential for AUDUSD to come lower if it can. So I try to cautiously sell the market at tops and always keep eye on important levels to see if the force want to turn around to bullish.
NZDUSD is forming a 5-move "P" pattern and I am trying to buy the market to the target. A valid break of the upper yellow line can confirm the validity of pattern. Lower time frame also confirms a very strong upward bias for the market and increase the chance of hitting the target.
I think AUDUSD should somehow reach 50% level in future. So according to current balance points, I consider shown moves for it. I will monitor the geometry of next moves and new balance points to see for how long I can rely on the yellow upward channel and targets. If I see a stronger down bias in future, I will give up this idea and look for long-term lower targets.
I have considered a watch area for buying the market. If I see a good rejection from that area will buy. If instead of rejection I see a break and change the role of area from support to resistance, I will consider the possibility of selling the market instead.
FX:EURUSD can move lower to levels I have considered. Nearer levels have potential for corrections while farther levels for reverse. (I double the distance from potential balance points to extremes in order to get potential targets.)
Based on the market geometry that I see, a reverse is expected at 0.6590 with a target lower than 0.6510. As soon as the reverse begins, I will sell and will see for how long price can hold to the current shape in order to reach the target or not. If the price jumps up higher than 0.6590 and uses that price level to go higher, I for sure will change my idea and...
According to the break of channel line in sideways and the point of balance, I expect the range to get bigger, first declining to 121.85 and then rising to 123.35 area. Lack of volatility can be a factor to prevent the price to reach my targets because they are in balance with time.