Hello Traders,
Similar to the other NZD pairs I posted, look for this small down move to end very soon for a WXYXZ corrective structure. After which, we will test 0.842 / 0.8437 range. Depending on how the price action reacts over there, we will either continue up in the impulse towards the bigger trend line or make 1 more down for a more complex B corrective wave before going back up again.
Thumbs up & follow for more,
Good luck
Similar to the other NZD pairs I posted, look for this small down move to end very soon for a WXYXZ corrective structure. After which, we will test 0.842 / 0.8437 range. Depending on how the price action reacts over there, we will either continue up in the impulse towards the bigger trend line or make 1 more down for a more complex B corrective wave before going back up again.
Thumbs up & follow for more,
Good luck
Note
Moola.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.