AUDNZD working a right shoulder

AUDNZD approaching a projected right shoulder, which if held,
sets up for at least a move back toward the projected neckline.
Consider the low established around 1.0730 within a short period
of time to be a significant indication that this pair could work its
way higher. If the right shoulder fails then this will set up for a
move back toward the lows established at 1.0470 which at the
moment appears to be a projected head in the reverse head and
shoulders formation