Pair turned lower sharply after a failed test of 135.50 peak and the decline clearly looks to be impulsive. Pair is close to completing wave iii of ( iii ) of (( c )). It should make corrective pull backs and keep trading lower toward 133.04 which is (( c )) = 1.236 x (( […]

Wave (( b )) of C is considered completed @ 1.4497. While below 1.4448 and more importantly 1.4497, expect weakness toward 1.4330 to complete wave ( a ) of (( c )).

Kiwi ($NZDUSD) is approaching an area where sellers would be booking profits and buyers could appear. Keep an eye on 0.8210 – 0.8254 region from where pair should bounce and attempt to break above descending trend line on 15 minute chart. [jwplayer mediaid=”127123″]

Wave B has completed @ 1.4641 which exposes equal legs @ 1.4298. Wave (( a )) of C can reach 1.4359 before we get a pull back in wave (( b )). Hour cycles are positive in the pair but  we don’t like buying into proposed wave (( b )) pullback.