NZDUSD Trading At Resistance

420
NZDUSD is trading bearish, unfolding a clear impulsive structure. Current rise can be corrective wave 4, that can search for resistance near the Fibonacci ratio of 38.2. A minor five-wave drop from current levels would indicate a completed correction and wave 5 to be in progress.


Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

Disclaimer

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.