JigneshDavda

NZDUSD 1H Wave Count Updated

Long
FX:NZDUSD   Dollaro neozelandese / Dollaro
Yesterdays Wave count was showing one more leg up in NZDUSD with targets at 0.6668 near the channel top. The view has changed slightly. As the upside channel was broken, it has introduced the view that the cycle from (B) is unfolding as a double corrective structure in the (C) wave. So far, today's highs marks W, we should now do a pull back in Wave X, likely to hold at the 38.2% retracement 0.6621, before once again turning bullish in wave Y which should be the last leg in Wave (C). Target area for completion is Daily resistance at 0.6740.
This Idea is an update to yesterdays

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