NZDUSD Elliott Wave Analysis – Looks For Correction

in elliottwave •  3 years ago 

As per Elliott Wave analysis, NZDUSD made sharp and impulsive rally away from the lows, which suggest a bullish reversal as we see it as part of wave 1), so more upside is in view, but ideally after a pullback in wave 2) that can find the first support already in the 0.70x area but be also aware of deeper one. As long as it's trading above 0.6804 lows, we will expect a bullish continuation.

NZDUSD 4h Elliott Wave Analysis

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