Technical Analysis: New Zealand Dollar could undergo a correction
NZD/USD is falling in the final wave C of a bearish three-wave pattern, known as a Measured Move. This type of pattern is made up of three waves, usually labeled ABC.
The end of wave C can be calculated because it is often the same length or a 0.618 Fibonacci ratio of wave A. According to that method of forecasting, wave C still has a way to go before completing
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