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NZDUSD, Elliot Wave Analysis
8/18/2022 11:18 AMGrowth is possible.
On the daily chart, the upward wave of the higher level (А) of B formed and a downward correction ended as the wave (B) of B. Now, the wave (C) of B has started, within which the first wave of the lower level i of 1 of (C) has appeared and a local correction is developing as the wave ii of 1 of (C). If the assumption is correct, after the end of the correction, the NZD/USD pair will grow to the area of 0.6815–0.7050. In this scenario, critical stop loss level is 0.6066.
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