NZDUSD Supports AUDUSD In More Upside - Elliott wave
NZDUSD is in a similar situation as AUDUSD, a five-wave recovery from March of 2020, followed by a three-wave correction A-B-C, with possible support at 0.651 level. Fib. ratio of 0.50 and the lower parallel channel line can offer support, too.
An impulsive rise above the upper parallel channel line, and above the 0.722 lvl. could suggest more upside.
An impulsive rise above the upper parallel channel line, and above the 0.722 lvl. could suggest more upside.
