NZDUSD In A Three Wave Rise; Possible Reversal Near 0.7350

Dollar New Zealand / Dollar AS (FX:NZDUSD)

FX:NZDUSD Dollar New Zealand / Dollar AS

nzdusd elliottwaves correction impulsive

NZDUSD can be very interesting this week, in case of USD strength. Hourly charts shows a potential contra-trend move up from 0.7034 that can stop near 0.7350 this week. However, a five wave decline back to 0.7200 will be needed before we will be able to call end of a recovery.

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