Elliott Wave Analysis: NZD/USD Looking For 3-Wave Rally

 | Sep 19, 2018 02:28AM ET

Good morning traders,
NZD/USD is turning nicely higher this week, from a new low after an a)-b)-c) structure within wave five from 0.6720, so we are considering a completed elliott wave ending diagonal in wave 5 of a higher degree. More upside from here and breach of the upper trend line resistance will definitely be an indication of a bullish turn.

NZD/USD, 4h