NZDUSD Mid-term and Short-term Analysis:
NZDUSD is currently completing a wave B correction of an ABC correction, it appears to be bottoming out and preparing the base for the wave C move.
Wave C will be in Fibonacci relationship with Wave A, therefore we expect wave C to hit 0.73000 Area which will be 161.8 Fib of wave A.
It is advisable to look for bullish signs on this pair, hidden divergence and a close above major trendlines or channel bottom will be more confluence.
on the short term move, we look to buy this pair around 0.65000 to 0.66000 area or higher, depending on the price action after we've bought.
Trade responsibly, be patient, be flexible with your expectation, be rigid with your rules.
John.
NZDUSD is currently completing a wave B correction of an ABC correction, it appears to be bottoming out and preparing the base for the wave C move.
Wave C will be in Fibonacci relationship with Wave A, therefore we expect wave C to hit 0.73000 Area which will be 161.8 Fib of wave A.
It is advisable to look for bullish signs on this pair, hidden divergence and a close above major trendlines or channel bottom will be more confluence.
on the short term move, we look to buy this pair around 0.65000 to 0.66000 area or higher, depending on the price action after we've bought.
Trade responsibly, be patient, be flexible with your expectation, be rigid with your rules.
John.