On the NZDUSD chart we are tracking a three wave corrective rise, that could prove to be an expanded flat with final wave C) already underway. If that is the case, then wave C) will be constructed by five sub-waves with current wave 3 in final stages. Regarding the intra-day view we think that a fourth wave correction may be around the corner, that may slow down price for a few hours.
The ideal reversal for this whole higher degree correction could later be around the 0.71150 region.
The ideal reversal for this whole higher degree correction could later be around the 0.71150 region.