Impulsive bullish wave (A) initiated on 5th Oct '18 was ended on 4th Dec '18.
Followed by corrective bearish wave (B).
Sub-waves of (B) are double combo waves (w)(x)(y).
Now (B) has retraced (A) at 0.5 fibo level.
And its sub-wave (y) is now equal to (w).
Also RSI14 makes bullish divergence.
Nzdusd may resumes bullish trend as imulsive wave (C) on next month
Invalidation level # 0.6420 last 5th Oct low.
Target 1 # 0.6970 last 4th Dec (A) high.
Target 2 # 0.7260 where (C) = (A).
Good trades
Followed by corrective bearish wave (B).
Sub-waves of (B) are double combo waves (w)(x)(y).
Now (B) has retraced (A) at 0.5 fibo level.
And its sub-wave (y) is now equal to (w).
Also RSI14 makes bullish divergence.
Nzdusd may resumes bullish trend as imulsive wave (C) on next month
Invalidation level # 0.6420 last 5th Oct low.
Target 1 # 0.6970 last 4th Dec (A) high.
Target 2 # 0.7260 where (C) = (A).
Good trades