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    Elliott Wave Analysis: NZDUSD Intra-Day Correction

    Elliott Wave Financial Service
    By Elliott Wave Financial Service

    NZDUSD is currently recovering, ideally unfolding a temporary wave b) as part of a three-wave reversal within a wave four correction. Resistance and a new reversal into final wave c) of this correction can be around the Fibonacci ratio of 50.0 or 61.8, from where more weakness may follow.

    NZDUSD, 1h

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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