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 , i.e = , (very powerfull relationship!)

When looking at wave , 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 count gets invalidated.
But most certainly, a move below this Fib cluser is an early indication of that.

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

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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.

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Price went a bit sideways but now broke out nicely

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NZDUSD - Move Stop to 0.65250.