thillygoosth

NZD/USD potential beginning of reversal...again

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NU is just below the 1.236 fib of the WXY pattern, which is usually the spot. It either just made a running flat to continue dropping further, or it just made a "B" wave for a reversal (if so, most likely to make a larger running flat to confirm further downtrend which would probably take it to the 50-62% retrace area). Considering the fibs and the fact it came off of the 27% fib extension of smaller correction it is in, along with the weekly TDI divergence, I think it may be ready to start pulling up. Has not fully confirmed yet with lower time frame price action, but I think it very well might.
seems to be going downtrend right now... what do you think?
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