EuroMotif

NZD.USD on its way to 0.65 but retrace in progress: NU zones

EuroMotif Mod Aggiornato   
FX:NZDUSD   Dollaro neozelandese / Dollaro
NU got a boost like most did against the Dollar.
Plotted are some support zones worth watching.
This wave up should be a wave 5 in this plot (click).

0.63942/81 is first support, with a focused layer near bottom of zone (dark green).
0.63832/57 is the average expected retrace after a 5.236 wave.
0.63737/60 is Bulls Last Stand and disappointing if goes that low.

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Commento:
Here we are at First possible Support Has been noticed, but it came down here pretty fast and hard.
This zone might hold but expecting to hit the next one below.

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Commento:
Bit of a Bounce under way from the "Ideal" zone Am still not confident this is "the" bounce but looks good.
Limit buys were picked up in the zone, now with SL at BreakEven.

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Commento:
Bounce holding up pretty well. Need to get past this 3.618 which is being noticed for sure
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Commento:
There we go, broke through the 3.618 and even the "First test" line which could have become resistance
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Commento:
Nice! a Retest of the blue 3.618 and continuation Looking darn good, almost TOO good.
Am cautiously optimistic here because it is suspiciously prefect.

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Commento:
Now testing the fib above, blue 4.236
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Commento:
Interesting test of the "First Test" line almost as if it needed confirmation of existence, and it has just confirmed.

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Commento:
yup, that "1st Test" line was a doozy, brought us right up into the resistance zone .
Commento:
Unable to pass the local high But I dont think bulls are done yet, might need recharge lower

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Commento:
Another perfect Ping off the "test" line and now breaking resistance above
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Commento:
Beautiful retest of resistance and resumption Kiwi is looking very very strong.

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Commento:
Keeps going and going! Am plotting upcoming resistances now, to see if some targets can be found.

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Commento:
Looking things over and adding a new fib, my original targets still look good 0.646xx should be achievable, and may cause a pullback, and .649xx still makes for the ultimate target, whether after a pullback or just straight to it.

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Commento:
1st Target hit, and pulling back will measure the dip if it continues, to scope out supports below.

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