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samuelkken
Nov 12, 2018 9:14 PM

at 38.2% wave IV seems to be completed,  Long

New Zealand Dollar/U.S. DollarFXCM

Description

at 38.2% wave IV seems to be completed, if this count is correct, then we are looking forward to wave V
Comments
ICmarkets
Nice wave analysis on NZDUSD and there may be bullish bias as you have identified. For our set up, we have identified the key resistance and support levels.The support that we have identified is at 0.6695. It is a horizontal overlap support with 100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement. Stochastic is bounced off its support at 6% where a corresponding rise could occur. If a rise does occur, we may want to look at the 0.6695 resistance level. It is a horizontal swing high resistance with 61.8% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at our idea and share with us what you think.


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