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- j.j on EUR/USD - Is a new trend forming?
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2 Responses to “NZD/USD - looking to break trend-line support”
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Hi Pierre
You still holding the view
>>My view is that 5 waves up as a diagonal may be complete.
or you think maybe we still in Wave 3 and about to climb to +0.70000 before Wave 4 to around 0.65000 then Wave 5 to +0.75000 which is my belief
cheers
Kev
Thanks for your question Kev.
I hold the view that I still think the upside is somewhat limited.
Based on the assessment here, we haven’t yet broken to the downside through important resistance. So it is possible that the diagonal formed at the top of wave 3, which is very common and that a final wave 5 is underway.
Cheers