Pattern suggests a new high above 78.86 is probable
Cheers
Cheers
Note
Wave (4) retracement has gone too deep (past 50% fib of wave (3) ) Hence bullish idea is in the balance here. Will be waiting for 5 waves up as confirmation. On the other hand NZDUSD has held 50% retracement of wave (3) indicating the possibility of a new high.
Cheers traders have fantastic festive period, keep safe and good health
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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.