New Zealand Dollar is Headed South?

Short

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

Updated

FX:NZDUSD New Zealand Dollar / U.S. Dollar

Wave Analysis Technical Indicators

waveanalysis indicator

Divergence in Momentum Indicators imply that NZD will probably face a downward move from now on.

Comment:

We almost touched 1.414 level. Turns out that 4th wave progresses like a ABCDE triangle. So, I expect 4th wave to develop as a triangle, so more time consideration is needed.

Comment:

snapshot

Comment:

Ok, just kidding :D

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