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NZDUSD, Elliot Wave Analysis

1/25/2023 10:24 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), and the development of the wave (C) started. Now, the entry first wave of the lower level i of 1 of (C) has formed, a local correction has ended as the second wave ii of 1, and the development of the third wave iii of 1 has started. If the assumption is correct, the NZD/USD pair will grow to the area of 0.6800–0.7000. In this scenario, critical stop loss level is 0.6355.




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