Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price back to the upper triangle line. Wave A looks to be finished after RNBZ delivers surprise 25 BPS rate cut to 5.25%, so seems like it’s now making a pullback in wave B that can retest 0,59x support area before a continuation higher for wave C towards 0,61 – 0,62 resistance zone.
NZDUSD 4H Chart
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
EUR/USD drops to weekly troughs near 1.1320
EUR/USD now accelerates its decline and drops to three-day lows near the 1.1320 zone on Wednesday, always on the back of further improvement in the sentiment surrounding the Greenback despite mixed results from key US fundamentals.
GBP/USD trims losses, retests the 1.3350 region
GBP/USD extended its slide on Wednesday, meeting contention near the 1.3300 mark as the Greenback holds firm despite weaker-than-expected first-quarter GDP data and a stronger-than-forecast PCE inflation reading.
Gold reclaims the $3,300 mark and beyond
Gold remains under pressure on Wednesday, trading around $3,300 as receding US-China trade tensions continues to weigh on safe-haven demand. At the same time, the US Dollar keeps the bid bias intact following stronger-than-expected headline PCE inflation and despite a weaker first-quarter GDP growth print.
Bitcoin consolidates ahead of MicroStrategy Q1 earnings, strategic Bitcoin reserve deadline
Bitcoin is extending its consolidation streak to five consecutive days, trading around $95,000 on Wednesday, as investors await a decisive breakout. A K33 report highlights two key events to watch this week: MicroStrategy’s Q1 earnings release and the approaching deadline for the Strategic Bitcoin Reserve.
May flashlight for the FOMC blackout period – Waiting for the fog to lift
We expect the FOMC will leave its target range for the federal funds rate unchanged at 4.25-4.50% at its upcoming meeting on May 6-7, a view widely shared by financial markets and economists. Market pricing currently implies only a 9% probability of the FOMC cutting the fed funds rate by 25 bps.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.