Will the new increase (nzd/usd) be sharp?In my opinion, this currency pair is in a 5-wave downward trend.
We are currently in the middle of wave 4 and the first part of wave 4 movement has been completed. Currently, we should expect the formation of the second part of wave 4.
In the second part of the movement of wave 4, selling pressures will decrease and buyers will take over the market. As a result, the second part of the wave will be very sharp.
Be successful and profitable
Nzdusdlong
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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NzdUsd can rise to 0.65 zoneAfter the drop under 0.62 important support and a touch of 0.6050, NzdUsd has reversed and made a high around 0.63.
A consolidation followed and the pair formed a strong base at 0.62
At this moment a new leg up can follow and the pair can rise to 0.65 zone
I'm bullish as long as NzdUsd stays above support
NZD/USD Running In 300 Pips 0Drawdown , New Entry Added After D This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
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