NZDUSD, NZDCHF and NZDCAD has been pushing higher since August of 2015 and it’s possible that another move higher can happen in the near future. All three pairs still needs to find a bottom to possibly reverse higher and traders need to wait and watch for this in order to catch the next move higher. Below we will show a possible bullish pattern that we can see on all three currency pairs and why we think Kiwi dollar can reverse and make another swing higher.
NZDUSD Daily chart
NZDCHF Daily chart
NZDCAD Daily chart
If looking to buy NZDUSD, NZDCHF, NZDCAD stops should be placed at the point B lows and should be bought below the BC 0.50% Fib. level minimum for a better risk/reward trade. The AB 2.24% Fib. level should be the minimum target on all three pairs. Follow me on Twitter @AidanFX for updates.
*** Always use proper risk/money management according to your account size ***
At Elliottwave-Forecast we cover 52 instruments (Forex, Commodities, Indices) in 4 different timeframes and we offer 3 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days FREE !!! Just click here –> 14 day FREE trial