HomeContributorsTechnical AnalysisNZD/USD Looks For More Upside, Above 0.679 Area

NZD/USD Looks For More Upside, Above 0.679 Area

Elliott Wave Financial Service
By Elliott Wave Financial Service

NZDUSD is nicely turning to the upside, up from 0.658 area where the complex decline looks to have found a base. In such case, more upside may be expected ideally in a five-wave rally. That said a break above the 0.679 level would confirm more upside. Also be aware of temporary pullbacks which may join the downtrend.

NZDUSD, 4h

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Load more

Learn Forex Trading