NZD/USD (Zoomed in)
When you draw your trendfibs considering the running flat for wave 2, NU should be in wave 4 retrace, which can be a flat or a triangle maybe. I would look for correction to 23-38%. Then... It may break the trend line and retrace back half the wave (50-62%) the total 5 wave if continuing trend. FOMC tomorrow. $ hr looks like sell, but you sell tonight, you could wind up in chop. Refer to my previous posts.
Note
It broke the zone for the wave 4. I was asleep. It can break the low one more time, that's possible since it never broke the trend line of diagonal, but it still seems like it will at least correct if it was to do that. The .618 level is .66126. That lines up with the pitchfork it broke. I would watch that .6600 area for a possible reaction.
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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.