A possible expanding triangle setup on the 4hour of the NZD. Assuming the US Dollar continues with strength we could possibly see a D wave to around 0.60470 for NZD.
Wave A represents 38.2% of the last downtrend wave in expanding triangle. Wave B represents 1.272% of wave A in expanding triangle. Wave C represents 1.272% of wave B in expanding triangle. Wave D represents 1.272% of wave C in expanding triangle Wave E represents 1.272% of wave D in expanding triangle.
Please, feel free to rate the analysis. Constructive criticism is how we grow the most! Thank you.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.