ew-forecast

NZDUSD: Complex Correction With Potential!

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is also on our radar screen this week as we think that rally from Aug 31 can be corrective. Reason is of-course slow and overlaping price action which is personality of a corrective movement. That said, upside can be limited, but after seven legs as correction is going complex. It's a double zigzag with final wave c in play within wave Y that may look for a reversal at 0.7350-0.7380.

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Elliott Wave Service
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