Looking for higher levels on the Kiwi
Looking at the daily chart on the Kiwi, we can clearly see a five-wave advance followed by a three wave decline that retraced 78.6% of the rise, and where the C wave is equal to the A wave in length. Whether the two waves are numbered 1-2 or A-B, the odds now favour another 5-wave advance from the previous lows targeting 0.6320/0.6440 at least.
A break back below the previous lows at 0.5855 would invalidate this idea.
A break back below the previous lows at 0.5855 would invalidate this idea.
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