Elliott wave Analysis: NZDUSD Trading In A Temporary Correction
Gregor Horvat of Elliott Wave Financial Service - InsideFutures.com - Tue Mar 19, 11:14AM CDT

Hi traders,

Current bearish reversal on NZDUSD can part of a corrective wave ii, as part of a higher degree bullish cycle that started in March. That said, this unfolding a)-b) and c) pullback can take price towards the 0.680/0.679 region, where former swing low and various Fibonacci ratios can react as support, and turn prices higher. A rally in impulsive fashion, and above the 0.683 level would already indicate more gains on kiwi.

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NZDUSD, 1h

nzdusd, intra.