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

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here for a trial

Symmetrical Triangle Propels Silver To 30. Check our latest and last video sponsored by Orbex HERE.

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market 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 that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close