NZD/USD May Be Bullish On Intra-Day But Bearish Overall
Good day traders!
NZD/USD can be trading in final stages of a bigger five-wave move. We see four of five needed legs fully unfolded, so current rally that is in progress, away from 0.6953 level can be final leg five. This leg must also unfold five minor waves, for a full completion. Ideally swing high at 0.7036 level will get breached and somewhere around 0.7056, we will get a new top.
NZD/USD, 1h
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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