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NZDUSD, Elliot Wave Analysis
9/1/2022 11:22 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 formed, and a local correction has started as the wave ii of 1 of (C). If the assumption is correct, the NZD/USD pair will grow to the area of 0.6576–0.6815. In this scenario, critical stop loss level is 0.6066.
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