AUDNZD spent the year correcting the 2012/13 decline with a large wave-(4) consolidation. The downtrend is now back in force and key levels at 1.0620 & 1.0540 have given way. Wave-(5) can carry down to near 1.01 based on midpoint symmetry and there is a wave-(1)=(5) target as low as .98.
Read the full report: AUDNZD