Elliott Wave Analysis: NZDUSD Intra-Day Correction

Technical analysis of Forex market

NZDUSD is currently recovering, ideally unfolding a temporary wave b) as part of a three-wave reversal within a wave four correction. Resistance and a new reversal into final wave c) of this correction can be around the Fibonacci ratio of 50.0 or 61.8, from where more weakness may follow.

NZDUSD, 1h