NZD/USD: Pair Can Still Extend Higher While Staying Above 0.656
Elliott Wave Forecast | Mar 10, 2016 12:02AM ET
NZD/USD
Short term Elliottwave structure suggests cycle from 2/29 low ended with wave ((w)) at 0.682. Wave ((x)) pullback is unfolding as a FLAT where wave (a) ended at 0.6712, wave (b) ended at 0.6809, and wave (c) of ((x)) is expected to complete at 0.66 – 0.664 area. As far as pivot at 0.6561 remains intact, pair is expected to resume rally higher from the area above or at least bounce in 3 waves.
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