Ultimately, the NZDUSD will break above 7400 and then 7640 in order to complete its own 3 wave advance from the 2009 low. The pattern that best fits with what’s going on in the AUDUSD is a completed flat at 6945 in wave b of Y. The latest rally is probably wave i of c of Y. The implications are for a drop down to 7160 in the next few days before the larger rally resumes.
