Sell AUD/NZD now back down to this months lows.AUD/NZDOANDA:AUDNZDForexExpats1AUD has been on fire over the last 6 months but data has started to disappoint whereas the NZD bank have come out with positive forward guidance to raise rates. Due to this, last month there was a massive sell off, what I believe was an impulse which could be wave 1 of a 5 wave reversal or A in a 3 wave ABC correction. In both cases AUD/NZD is heading lower and I expect the recent high to hold. I am selling this pair with a target of retesting recent lows. Sell Now : 1.2231 78.6% Fib retracement area Stop : 1.2311 above recent highs Profit : 1.1991 before recent lows Risk 1 : 3 / stop is 80 pips