E NZDUSD In A Bull Run

Hello, traders! NZDUSD is bullish from March of 2020, and is unfolding a five-wave recovery. Price has already completed waves 1, 2, 3 and lately looks to have completed its corrective wave 4 of a higher degree impulse at the 0.648 level. We see current rise as part of wave 5, which can target 0.68/0.688 resistance/reversal zone in days/weeks ahead.

NZDUSD, daily

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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William K. 1 month ago Member's comment

Interesting, I guess.