TRENDING:

GBP/USD

XAU/USD

Kiwi consolidates within a flat correction before further rally [Video]

Gregor Horvat Wavetraders

The Kiwi (NZDUSD) made a very strong recovery, clearly in an impulsive price action from the recent 2025 lows at 0.55485, and this impulse suggests the pair has likely bottomed, especially with a decisive move above the 0,5854 bullish level which we see it as a first leg A/1. So, after a corrective retracement in wave B/2, which looks to be still in progress as a larger abc flat correction that can retest 0,58 support area, we certainly expect much higher prices within wave C or 3, possibly even up to 0.62, particularly as the daily chart shows a clean breakout from an ending diagonal.

NZDUSD 4H Chart

RBNZ cuts cash rate by 25bp vs. 25bp expected, so the Kiwi(NZDUSD) can be still looking lower within wave »c« down to 0,58x support area to a complete an abc flat correction on the intraday basis before bulls show up again.

NZDUSD 2H Chart

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on May 26 2025:

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD ticks north after ECB, US inflation data

The EUR/USD pair hovered around 1.1750 but is still unable to conquer the price zone. The European Central Bank left interest rates unchanged, as expected, upwardly revising growth figures. The US CPI rose 2.7% YoY in November, down from the 3.1% posted in October.

GBP/USD runs beyond 1.3400 on BoE, US CPI

The GBP/USD pair jumped towards the 1.3440 area on Thursday, following the Bank of England decision to cut rates, and US CPI data, which resulted much softer than anticipated. The pair holds on to substantial gains early in the American session.

Gold nears $4,350 after first-tier events

The bright metal advances in the American session on Thursday, following European central banks announcements and the United States latest inflation update. XAU/USD approaches weekly highs in the $4,350 region.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bank of England cuts rates in heavily divided decision

The Bank of England has cut rates to 3.75%, but the decision was more hawkish than expected, leaving market rates higher and sterling slightly stronger. It's a close call whether the Bank cuts again in February or March.

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025