Elliott Wave Analysis: NZD/USD moving up on Wave 3, more upside to follow
|NZDUSD is showing us a three-wave bullish recovery in progress, with current move up from 0.7262 level representing red wave 3). We know wave three is usually the strongest and steepest wave, which means more upside can follow in sessions ahead. Specifically, we see price now trading within sub-wave 4 of three, that can search for a potential base near the Fibonacci ratio of 23.6/38.2, before make another push higher, towards the upper channel line.
NZDUSD, 1H
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