Hello friends
In the NZDUSD currency pair, we see the formation of a 3- or 5-wave Elliott pattern.
Considering that wave 3 or C is more than 1.618 times wave 1 or A and its sub-waves are not yet completed, we expect the price to grow to the range of 2.618 times wave 1 or A.
This price increase has been done with a break and pullback to the resistance level of 0.6100.
Therefore, we expect the price to grow to the range of 0.6220, which is a static resistance.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
In the NZDUSD currency pair, we see the formation of a 3- or 5-wave Elliott pattern.
Considering that wave 3 or C is more than 1.618 times wave 1 or A and its sub-waves are not yet completed, we expect the price to grow to the range of 2.618 times wave 1 or A.
This price increase has been done with a break and pullback to the resistance level of 0.6100.
Therefore, we expect the price to grow to the range of 0.6220, which is a static resistance.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.