AUD/NZD Monthly Elliottwave Chart :
AUD/NZD is at 1.09656 on 12th Feb 2023
1st wave: Go back to the Year 2011, 1st impulse is quite fast and furious. Sometimes we see a personality like a spring bounce and it is one of them.
2nd wave: It is a textbook zig-zag correction and corrected 61.8% of 1st wave.
3rd wave: As usual any one of the three impulses is extended and 3rd wave is most of the time extended. Here 3rd wave is 2.236% of 1st wave.
As per the alternation rules 2nd wave was dip and simple , 4th wave may shallow and complex
4th wave :We can see how time eating in the 4th wave as made WXY complex correction in Y 2015 to 2022
5th wave :
Till we have completed 1st sub-wave of the 5th wave and 2nd wave correction is unfolding . we may see in the coming days trend resumes its downtrend.
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