Elliott Wave Free Forex Signal

Currency Pair = NZD/USD.

ElliottwaveSignal:

Short-Medium term trade.

TimeFrame = 4 Hours.

Signal = Sell at market Price.

Risk Reward Ratio = 5.X (High-Medium risk)

Medium term target for Minute Wave (iii) at 0.6700 area as our first target profit.

Exit at  0.7000 area.

Our Elliott wave analysis indicates that NZD/USD currency market are now building momentum for medium impulsive wave (iii) down.

How ever we could see more silence market until early tomorrow morning when the Reserve Bank of New Zealand (RBNZ)  announce their short term interest rate.Market forecast that RBNZ will keep their interest rate at 8.25%.

Then only we could see some major movement.Our first target is 0.6700 area ,this is where NZD/USD testing previous support.If it pass previous low at 0.6640 then it could go further down to next support at 0.6400.

Below are illustrated chart of our latest elliott wave analysis on NZD/USD :-

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