NZDUSD can be making a three wave correction within wave 4), which means more slow and overlapping price activity may follow on the pair. As we can see wave A looks already completed, which means only waves B and C are missing. Ideally once the following wave B unfolds, a new drop into wave C may follow with a potential projection zone near the former wave 4 near the 0.7404 level. From there a new bullish recovery may come in play.
NZDUSD, 1H
