Elliott Wave Analysis On NZDUSD And Crude OIL
NZDUSD
NZDUSD can be very interesting this week, in case of USD strength. Hourly charts shows a potential contra-trend move up from 0.7034 that can stop near 0.7350 this week. However, a five wave decline back to 0.7200 will be needed before we will be able to call end of a recovery.
NZDUSD, 1H
nzdusd-analysis
Crude OIL
Crude oil is turning up from 43.50 where we see a completion of five waves down in extended wave 3, so current upward reaction is wave 4 that can retrace back to 46.00 before more weakness will show up, to around 43.00 region.
Crude OIL, 1H
oil-price-analysis
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