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
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Moola.
