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Elliott Wave View: Impulsive Rally in NZDUSD

Short Term Elliott Wave view in NZDUSD suggests the pair ended wave ((2)) pullback at 0.7093. This pullback ended correction of the cycle from September 24 low. Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) ended at 0.7144, wave (X) ended at 0.7239, and wave (Y) of ((2)) ended at 0.7093. Pair has started to turn higher in wave ((3)). However, it still needs to break above wave ((1)) at 0.7315 to rule out a double correction. ...

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