Sun, Nov 24, 2024 @ 04:04 GMT
Facebook Mail RSS Twitter
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/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.