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NZDUSD: While above 0.656, Elliottwave sequence suggest more upside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Short term Elliottwave structure suggests cycle from 2/29 low ended with wave (w) at 0.682. Wave (x) pullback is unfolding as a FLAT where wave (a) ended at 0.6712, wave (b) ended at 0.6809, and wave (c) of (x) is expected to complete at 0.66 – 0.664 area. As far as pivot at 0.6561 remains intact, pair is expected to resume rally higher from the area above or at least bounce in 3 waves.

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