FX:NZDUSD   New Zealand Dollar / U.S. Dollar
17 1 2
The pair did complete a large Downtrend.
The pair is downtrend in long term.

But the pair need correction before more downward.
in the pair detected first wave extension trend as short term.

Minimum target of correction will be 0.8500
I agree with this analysis. A retracement is due. According to the EW theory it showld go to the previous wave 4 of one lesser degree and that area is 8500
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