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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

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