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ew-forecast
Nov 7, 2016 10:02 AM

NZDUSD In A Three Wave Rise; Possible Reversal Near 0.7350 

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD can be very interesting this week, in case of USD strength. Hourly charts shows a potential contra-trend move up from 0.7034 that can stop near 0.7350 this week. However, a five wave decline back to 0.7200 will be needed before we will be able to call end of a recovery.
Comments
aibek
Nice chart! It looks like Ending Diagonal in wave 5
ew-forecast
Yes true, well hopefully a nice reversal will occur:)
aibek
Fantastic accuracy! Keep it up frds!
ew-forecast
Thanks! And you're welcome ! :)
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