NZD/USD: More Weakness Could Be Seen After Correction
Gregor Horvat | Feb 05, 2016 09:59AM ET
On the larger time frame of NZD/USD, we see price trading in a correction in black wave IV. Fourth waves might drag in time and make things complicated, as price moves slow and choppy. We are probably in the long range triangle, now trading in wave C, that could be near completion. That said the triangle correction will be completed, after waves D and E unfold. When the triangle correction is completed, we expect prices to continue to lower levels.
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