NZDUSD might be poised for upside
NZDUSD is boiling under the trend line, momentun diverging for some time. Note seven waves down, the move is possibly exhausted.
I would not call it a sure thing though, as there is no evidence whatsoever that the trend of higher degree is also up. It would also mean that the rally could be weak and short. But still, a pop up seems likely.
I would not call it a sure thing though, as there is no evidence whatsoever that the trend of higher degree is also up. It would also mean that the rally could be weak and short. But still, a pop up seems likely.