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NZDUSD, Elliot Wave Analysis

11/16/2022 11:30 AM

Growth is possible.

On the daily chart, the upward wave of the higher level (А) formed, a downward correction ended as the wave (B), the wave (C) and the first entry wave of the lower level i of 1 of (C) develop, within which the wave (i) of i formed, a local correction ended as the wave (ii) of i and the wave (iii) of i develops. If the assumption is correct, the NZD/USD pair row to the area of 0.6465–0.6600. In this scenario, critical stop loss level is 0.5839.

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