Elliott Wave Analysis: Bearish Decline Underway On NZDUSD

NZDUSD is turning nicely down for the last 24 hours but pair still doesn't have five waves down from the top, so it's important to wait even more before short ideas can be considered. Ideally we will see a drop to 0.7170 today into a fifth wave, and then a three wave bounce next week could give us an opportunity to join the downtrend.

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