NZDUSD has been trading sideways for the last few days. In our previous blog, we mentioned that decline from 2.6.2017 peak was in 5 swings and hence pair had an incomplete Elliott wave sequence from there. Pair has since made a new low and recovered but that new low doesn’t count as the 7th swing because […]

NZD USD is showing 5 swings down from 2/6/2017 (0.7375) which means it’s an incomplete Elliott wave sequence and calls for another swing lower to complete 7 swings down from 2/6/2017 (0.7375) peak. First 3 swings completed on 3/9/2017 (0.6886) and bounce to 3/21/2017 (0.7091) was the 4th swing. Pair has since made a new low below […]