On the 4h chart of AUDNZD we see that price found a bottom in the last leg of a three wave correction in red wave (C), thus completing the pullback from 1.14280 high at 61.8% fibo. level from previous blue wave A-circled. That said this rally up from 61.8% could be the start of a new five wave sequence in blue wave C-circed that will unfold later this year.