With slight variations.
May02 - Aud peaked, so did Nzd
However Nzd went to make new high but Aud didn't.
So what is Nzd Wave 3 peaked is actually Aud Wave 5 peaked.
Furthermore Nzd bottomed out Wave 4 on 16May
But Aud didn't bottomed out till about 2 weeks later
While Nzd wave 5 was in progress already
And if correct, Nzd will make a final push for a final wave 5
Whereas, Aud will peaked at Wave B
Whatever it is both will come down.
I would rather play NZD then Aud just because it's line & wave is simpler
Than Aud which tends to complex.
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OPEC is in session whether to increase production to bring Oil prices down.
Suspect they will as Suadi the mail produce thru the Prince already signal last month in an interview with CNBC
already hinted that Oil prices should be $70-$80
If Oil production is cut
Oil will come down
So will all Commodities currency.
Stocks will climb initially only to continue the fall.
US$ will initially fall then climb further.
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