NZDUSD-Correction in progress whether it is completed ?
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Market Commentary:
1. We are in the correction for the previous impulse wave as i shown here.
2. Either the correction got completed here or it is having one more low as i mentioned.
3. But my conclusion is one more low to 0.6050 is possible.
4. In FOMC mins i am expecting $ will lose his strength and it may bounce to 0.6300 or it will shoot from here cant say.
5. There is one more possibility is triangle in wave b) also as i shown in the chart.
6. If it breaks the previous high 0.6530 then that will reach to 0.7000.
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