Just 10 days back on December 8th we shared an article about “the Kiwi” with ticker NZDUSD, where we mentioned and highlighted an impulsive recovery with room for more upside after a wave 4 corrective pullback.

In the picture below you can also see how it looked like on our www.wavetraders.com page for our members, where we also shared a long trade.

(Click on image to enlarge)

As you can see today, the Kiwi is coming nicely higher for wave 5 of (3) and it can extend the price even up to 0.63 – 0.64 area, just watch out on higher degree wave (4) correction before a bullish continuation for wave (5).

(Click on image to enlarge)

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