FX:NZDUSD   New Zealand Dollar/U.S. Dollar
64 1 2
There's a potential triangle in play here
fxgraffiti
2 years ago
It looks likely that the extreme of wave- @ 0.84661 will be taken out, and that this scenario would, in that case, need to be altered so that we would have a flat correction (A)(B)(C) with wave (C) consisting of a five wave impulse wave to the downside. Potential ending points would be at the 0.786 extension at about 0.8463 or the 1x extension at 0.8453. As I've written this the immediate threat seems to have passed, but this alternative scenario is still also a possibility.
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