NZDUSD

NZDUSD appears to be in a primary impulse wave Ⓒ. This is the final part of the bullish zigzag, consisting of five sub-waves of the intermediate (1)-(2)-(3)-(4)-(5) degree. The correction in wave (4) completed in a bearish double zigzag… Read More

The current NZDUSD formation hints to a bullish zigzag consisting of waves Ⓐ-Ⓑ-Ⓒ. The primary-degree structure suggests that waves Ⓐ and Ⓑ are complete. On the other hand, the impulse wave Ⓒ is still under development. It has completed… Read More

NZDUSD has been shedding some of its recent gains over the last couple of weeks as risk sentiment has cooled off. This mostly has to do with external factors. While news from New Zealand has been positive on the COVID front, the rise in… Read More

NZDUSD seems to be developing a bearish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. Wave A formed a 5-wave impulse pattern, whereas wave Ⓑ seems incomplete. Its current structure suggests a standard zigzag consisting of intermediate sub-waves… Read More

The current NZDUSD structure suggests that the primary Ⓐ-Ⓑ-Ⓒ zigzag is under development. The standard ‘three’ pattern has only its 5-wave impulse Ⓐ completed. Wave Ⓑ, which is a double (W)-(X)-(Y) zigzag, is currently under formation.… Read More

Biased to the upside, NZDUSD has just bounced off the lower end of the ascending channel starting Apr 03. With the RSI(9) supporting the move, the pair is heading towards the psychological 60c once again. The round level is an… Read More