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Elliott Wave Analysis: NZDUSD Intra-Day Correction

Elliott Wave Financial Service
By Elliott Wave Financial Service

NZDUSD is currently recovering, ideally unfolding a temporary wave b) as part of a three-wave reversal within a wave four correction. Resistance and a new reversal into final wave c) of this correction can be around the Fibonacci ratio of 50.0 or 61.8, from where more weakness may follow.

NZDUSD, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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