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NZDUSD, Elliot Wave Analysis

3/30/2023 10:13 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 wave (C) develops. 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 third wave iii of 1 is developing, within which the wave (ii) of iii is ending. If the assumption is correct, the NZD/USD pair will grow to the area of 0.6537–0.6800. In this scenario, critical stop loss level is 0.6081.




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