NZDUSD.
The pair is still completing the last leg of correction downside. That means there is more bearish potential left and we may see further downside in the coming weeks.
We are currently in the (Y) wave with smaller impulsive waves forming with downward movement. We are likely to see the pair fall next week as we are currently at a trend resistance with price retracing to 61.8 fib level, which can conclude that we could see wave 3 coming soon.
The pair is still completing the last leg of correction downside. That means there is more bearish potential left and we may see further downside in the coming weeks.
We are currently in the (Y) wave with smaller impulsive waves forming with downward movement. We are likely to see the pair fall next week as we are currently at a trend resistance with price retracing to 61.8 fib level, which can conclude that we could see wave 3 coming soon.
