NZDUSD - NZD strength coming - Looking up to +0.71! >500pips !!

We are in wave C of a big ABC correction (look Daily chart below).

Price is now at 78.6% retracement level of wave (A),
100% projection of wave [A], i.e [A] = [C], (very powerfull relationship!)

When looking at wave [C], we can see price sitting in a Fib cluster,
with a perfect touch of the 61.8% projection level(blue) of wave ((i)).

If managed correctly this move up can give more than 1000pips!

If continues lower and goes below 0.6480, the wave [C] count gets invalidated.
But most certainly, a move below this Fib cluser is an early indication of that.

Note

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Note

DXY is taking this pair down. Once this wave (c) ends, we'll have this pair start to rally.

Note

Price turned just a few pips before the count got invalidated and we got a sharp rise breaking outside the trend line.

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We got that wave C lower as expected. Now it's a matter of time before we see the reversal.

Note

Price went a bit sideways but now broke out nicely

Note

NZDUSD - Move Stop to 0.65250.

ElliottWaveBelgium

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ElliottWaveBelgium

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