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Elliott Wave Analysis: NZDUSD In For A Temporary Pullback

Elliott Wave Forecast
By Elliott Wave Forecast

On the 4h chart of NZDUSD we are tracking a five-wave move in progress, up from the 0.6200 area. We can see that price may have ended a third wave of an impulse at latest high, and can now be followed by a three-wave turn into a forth wave correction. Possible support/bullish turn for this correction can be near the Fib. ratio of 38.2 (0.662/0.655 region).

NZDUSD, 4h

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