.A long scenario for AUDNZD .
Need to wait for
1. Wave structure - seen a minor wave 3 completed , and need for waves 4 and 5 to play out.
2. Intermediate test- at 102.40
3. Test Further Support - price to move through S1 towards S2.
4. to move back down well into the Oversold region.
When the above has occurred some form of / oscillator / moving average confirmation
Entry likely 101.50 - 102.50.
Targets are fibs .382 and .618 . Fair value would be in the middle of the range at 106.50 ......... :)