After completed 5 waves down in April 2015, AUDNZD is now in the wave B (maybe finished) of correction A B C. This zone is opportunity to buy for trading wave C TP. around 1.16xxx. Good luck.
It seems to be at wave (c), price may hit the day trend line and don't higher than the top of Aug. Just waiting for break out or overlap to sell.
We are in the middle of a three wave correction. Wave B is completed with the Triangle correction. Expect a 5 Wave move upwards to complete Wave C.
We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall. It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270. Good luck