AUD/NZD - A break above 1.0790 indicates, that wave ii is in place.

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AUD/NZD:

 

Is fighting to put in a wave ii bottom. However to indicate that a bottom is in place we need a break above 1.0790 and more importantly a break above 1.0860, that will confirm the bottom for a rally higher towards 1.1312 and longer term even higher towards 1.1581.

 

Short term only a direct break below 1.017 invalidates my bullish count.