The New Zealand Dollar vs. the US$ appears to have completed a three wave correction higher off its November lows. This is likely a completed Wave 2 Green higher or perhaps only a three-wave correction in a Wave A Blue higher. In either case however, prices should move lower in the short term. Currently, Wave A Blue and Wave C Blue are roughly equal, and prices are just barely above channel resistance. As the subdivisions of Wave C Blue are labeled, Wave 2 Green cannot terminate above .8045. |
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