YGForex

NZDUSD Finally Taking a Turn....BEARISH Potential!!!

Singkat
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
I will start off by saying the outlook of NZDUSD is pretty similar to AUDUSD as of now. I will place the link to my AUDUSD post below. Alright, what we can see for NZDUSD now is also price level at a trend resistance level, very similar to AUDUSD now. Similarly, I see a potential double head pattern forming. Could be a lower one to signal to us BULL are losing its strength. We already started to see Wave 5 forming now if we look at elliot wave point of view. We will soon see a retracement wave abc forming. For wave A, I will see it potentially falling to 38.2 fib level followed by a retest to the trend resistance for wave B. Lastly, for wave C, we will be able to see BEARISH movement to 61.8 fib level, also where a strong support level is at. (Bold Line) I will update again when price level reaches that level. Stay tune!!!

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