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NZDUSD - Elliottwave analysis - sell set up

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#NZD/USD# NZDUSD - Elliottwave analysis - sell set up

NZDUSD - It has completed impulse cycle from last bottom shown on chart. The drop is too sharp as the result of 5th wave diagonal structure, So wait for more price action confirm the down cycle as Impulse wave A. then only sell on bounce near 0.67400-600 of B wave for downside target of C around 0.65600 with invalidation level above 0.67980.

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RBNZ has announced that OCR rate as well as the LSAP programme will be kept status quo. It has given support for the NZD to move upwards.
Risk-off theme has continued in global markets is supportive for the US Dollar since last week.
NZD/USD stages a modest rebound after dropping to two-week lows at 0.6639.
elliott!!

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