Good day traders!
AUD/NZD made a nice top for corrective wave B of a higher degree around the 1.111 level. The drop that followed may now be the start of wave C, which can unfold five-waves toward the lower channel line and the 1.0840 region. From there, a temporary pullback can follow.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.