Elliottwave-Forecast
Long

Elliott Wave View: NZDUSD Showing Incomplete Sequence

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD has an incomplete 5 swing sequence from May 23, 2019 low favoring further upside. Short term Elliott Wave view suggests the pullback to 0.6565 on July 10, 2019 low ended wave ((X)). Pair then rallies from there as a zigzag Elliott Wave structure where wave (A) ended at 0.6737 peak.

Up from 0.6565, wave 1 ended at 0.6608 and wave 2 pullback ended at 0.659. The pair then rallied higher in wave 3 towards 0.6689, and wave 4 pullback ended at 0.6661. Up from there ended wave 5 of (A) at 0.6737 peak.

Pair is now in pullback in wave (B) to correct cycle from July 10, 2019 low before the rally resumes. We don’t like selling the pair and NZDUSD should see more upside after finishing the pullback in 3-7 or 11 swings.
14 days free trial --> https://elliottwave-forecast.com/amember/go.php?r=7975&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out