NZDCAD Medium Term Elliottwave Analysis 12.8.2015

This is a medium term Elliottwave Analysis video on $NZDCAD. The pair made a higher high and broke above 0.9 last week. Short term, unless the pair is doing a FLAT, it is expected to extend higher in wave (x) bounce to reach 100% towards 0.924 – 0.94 area before turning lower at least in 3 waves. Weekly outlook is still looking for another leg lower before the pair can start a new weekly bullish cycle.

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