More Weakness In The Offing For EUR/USD And NZD/USD
Gregor Horvat | Jan 28, 2022 04:58AM ET
While USD is extending its rally, we can see EUR/USD head even lower, but still trading in the middle of wave 3, so be aware of more downside pressure in upcoming days, just watch out for an intraday pullback.
The USD/NZD pair remains nicely bearish after a correction in wave »iv«, we can now see it lower for wave »v«. However, we want to see a completed five-wave cycle, which can send it even lower into 0.65x area before it finds the support, so be aware of more weakness after a pullback in sub-wave iv).
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