AUD/NZD is trading quite nicely, recently completing a triangle of a higher degree at 1.0568, where we labeled end of wave E, and is now slowly continuing to the upside. We see price now even reaching higher levels in black wave 3, as recent break out of a corrective channel line connecting from wave b highs of 2 suggests so. That said, black wave 3 could be near completion, as pair is now trading in sub-wave iv-circled, which could be finished later this week.
Ideally price will continue towards fibo. ratio of 2.00, where a pullback of a higher degree wave 4 could start to unfold.
Invalidation level is at-1.08531, and as long as it holds we are looking bullish.
AUD/NZD, 4H