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HomeContributorsTechnical AnalysisNZD/USD - Bulls Taking Care of The Trend; 0.673 High in View

NZD/USD – Bulls Taking Care of The Trend; 0.673 High in View

Elliott Wave Financial Service
By Elliott Wave Financial Service

NZDUSD had found support for a three-wave correction as part of a bigger, bullish cycle. Support was found near the Fibonacci ratio of 61.8, at 0.657 region, from where a sharp rise occurred. This rally can be part of a minimum three-wave rally, that can target region beyond the 0.673 high. Also be aware of temporary pullbacks during current rise.

NZDUSD, 1h

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