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.

Oil is nearing completion of a cycle from 104.37 peak which would complete 5th swing down from 112.25 peak. As Oil avoids aggressive weakness below 95.97, expect a pullback in wave B toward 100.00 – 101.00 area from where Oil should turn lower in 7th swing. Hourly cycles remain negative so we don’t like buying […]