NZDUSD

Long move expected in NZDUSD pairs, it should touch fib level 1.61 and the price 0.7253.

We’ll open the position after the current 30 min candle close.

Overview

4 Hour cycle is bullish against  (0.6196) level low and 1 hour cycle is bullish against  (0.6347) low. The cycle has favored ended in the pair at 0.7557 peak and NZDUSD is currently correcting that cycle in a correction swing. Near term, the pair expect to see another leg lower to 0.7104 level to end the cycle from 7/27 peak.