NZDUSU has moved uptrend with diagonal pattern (motive wave, labeled A or 1). The correction wave (labeled B or 2) with zigzag pattern is likely end at 0.66024. By at this level, we can see there is fibonacci confluence which are 0.618 fib retracement of first motive wave (diagonal) and where c leg equal 1.216 a leg (of zigzag pattern). Also, the there is strong trendline support by at this level. All support that price tend to move up.
Recommend:
Go long above termination of wave c (0.6602)
Stop loss at starting point of i (0.6480)
Alternation: go long at level 0.6634 (termination of fourth sub-wave of c leg. Stoploss at termination of c leg.
Target: 0.6791-0.6910 (at level that equal 0.618 or 1.618 motive wave (diagonal).
Recommend:
Go long above termination of wave c (0.6602)
Stop loss at starting point of i (0.6480)
Alternation: go long at level 0.6634 (termination of fourth sub-wave of c leg. Stoploss at termination of c leg.
Target: 0.6791-0.6910 (at level that equal 0.618 or 1.618 motive wave (diagonal).