nzdusd - 5 down completed

14 Sep 2016

The 4 hour chart shows a clear 5 down, so we may see a correction into next week's Fed announcement. The alt is that we are in a larger wave 3 already, and this correction is wave two of 3 before a hard decline following the next price rejection. Any corrective structure should be sold as we've had a strong impulse down and the recent high should be a top.