AUDNZD: Correction Underway

AUDNZD keeps trading higher and higher now already at 1.1344 area, after price completed an extended wave 3 with five visible sub-waves. That said as we now after wave 3 is completed, we always expect a minimum of a three wave move in wave 4, that can as in our case already be midway through it’s completion, now in the last leg (c). Wave (c) may still see more weakness, possibly towards 1.107 region, where some fibo. ratios may act as a support into higher levels.

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