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NZDUSD Undergoing A Temporary Consolidation

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
ew-forecast  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD Elliott Wave correction impulsive
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nzdusd elliottwaves correction impulsive
NZDUSD is trading nicely higher, probably in final stages of a temporary corrective retracement after the pair unfolded a five wave bearish structure from the 0.7239 level. As such we now think a nice reversal could follow next week. The Fibonacci ratios of 0.382, 0.5 or 61.8 could act as reversal lower.
Elliott Wave Service
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