On the 1H timeframe, NZDUSD seems to be forming a bearish trend, which may take the form of a double zigzag w-x-y of the cycle degree. The current chart shows the structure of the final wave y, which assumes a primary zigzag Ⓐ-Ⓑ-Ⓒ. Most likely, the primary impulse wave Ⓐ and the bullish correction Ⓑ […]
The post NZD/USD: A Pullback in the Bullish Correction to 0.593 is Expected appeared first on Action Forex.
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