Forex

NZDUSD Is Coming Higher As ExpectedDec 18, 2023

NZDUSD Is Coming Higher As Expected based on technical analysis and Elliott wave theory.

Just 10 days back on December 8th we shared an article about “the Kiwi” with ticker NZDUSD, where we mentioned and highlighted an impulsive recovery with room for more upside after a wave 4 corrective pullback. CLICK HERE

In the picture below you can also see how it looked like on our www.wavetraders.com page for our members, where we also shared a long trade.

NZDUSD Is Coming Higher As Expected NZDUSD 4H Chart From December 08
NZDUSD 4H Chart From December 08

As you can see today, the Kiwi is coming nicely higher for wave 5 of (3) and it can extend the price even up to 0.63 – 0.64 area, just watch out on higher degree wave (4) correction before a bullish continuation for wave (5).

NZDUSD Is Coming Higher As Expected NZDUSD 4H Chart From December 18
NZDUSD 4H Chart From December 18

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