Yesterdays Wave count was showing one more leg up in NZDUSD with targets at 0.6668 near the channel top. The view has changed slightly. As the upside channel was broken, it has introduced the view that the cycle from (B) is unfolding as a double corrective structure in the (C) wave. So far, today's highs marks W, we should now do a pull back in Wave X, likely to hold at the 38.2% retracement 0.6621, before once again turning bullish in wave Y which should be the last leg in Wave (C). Target area for completion is Daily resistance at 0.6740.
This Idea is an update to yesterdays
This Idea is an update to yesterdays
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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.