Elliott wave analysis of EUR/NZD for May 5 – 2017

Wave summary: The corrective low for wave [iv] was seen at 1.5645 and wave [v] higher is now unfolding. This rally should be able to rally towards minimum 1.6172 and ideally, will extend higher towards 1.6500 and 1.6655 to complete wave iii. If, however, EUR/NZD fails to clear resistance at 1.6172 it will indicate that […]