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NZD/USD Elliottwave Structure Is Looking For More Upside

NZD/USD Elliottwave Structure Is Looking For More Upside

NZD/USD: Preferred Elliott wave count suggests that dips to 0.7084 on 8/8 ended wave ((x)) and pair has resumed the rally higher. Rally from 0.70840 is unfolding as a double three where wave (w) ended at 0.7265 and wave (x) ended at 0.718. Pullbacks should now ideally stay above 0.718, but more importantly above 0.7084 for continuation higher towards 0.726 – 0.74 area to complete wave ((y)) and end cycle from 8/8 low.

NZD/USD Chart

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