Elliott Wave: AUD/NZD Looks Lower

 | Dec 06, 2017 11:40AM ET

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.