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NZDUSD, Elliot Wave Analysis
9/7/2022 12:04 PMA 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. Now, the wave C of (B) is forming, within which a local correction has ended as the fourth wave of the lower level iv of C and the fifth wave v of C is developing. If the assumption is correct, the NZD/USD pair will fall to the area of 0.5800–0.5474. In this scenario, critical stop loss level is 0.6259.
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