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NZDUSD, Elliot Wave Analysis
8/4/2022 11:06 AMA fall is possible.
On the daily chart, the upward wave of the higher level (А) of B formed, and a downward correction develops as the wave (B) of B, within which the wave C of (B) forms. Now, the fifth wave v of C has appeared, within which the wave (iii) of v has ended, a local correction has ended as the wave (iv) of v, and the wave (v) of v has started. If the assumption is correct, the NZD/USD pair will fall to the levels of 0.5910–0.5800. In this scenario, critical stop loss level is 0.6352.
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