Elliott wave Analysis: NZDUSD and EURAUD 

intra-day euraud

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Kiwi can be ending a five-wave cycle within an ending diagonal here, which means that NZDUSD is bullish now, but be aware of a deeper three-wave a-b-c decline before a continuation higher, where ideal support would be around previous wave »iv« 0.6670 support level.


intra-day nzdusd

After that big spike to 1.67 area, EURAUD dropped sharply lower and it’s probably unfolding an impulsive five-wave decline, so be aware of more weakness back below 1.60 area within wave »v« of 3 after a small correction in sub-wave »iv« that can find resistance around 1.61 area. If we are surprised by an impulsive rally back above 1.63 region, then we may adjust the view.


intra-day euraud


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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