GBPNZD - 1.940/1.950 Is In View (Elliott Wave)
Hello fellow traders,
GBPNZD is doing exactly what we wanted to see. So, it Is still recovering from the upper base channel line, which proved to be good support for the forth wave. Wave v is now in motion, and can take price towards the Fib. Ratio of 161.8/261.8 (1.940/1.950 zone), where resistance can be seen, and a bearish turn can follow.
GBPNZD is doing exactly what we wanted to see. So, it Is still recovering from the upper base channel line, which proved to be good support for the forth wave. Wave v is now in motion, and can take price towards the Fib. Ratio of 161.8/261.8 (1.940/1.950 zone), where resistance can be seen, and a bearish turn can follow.