Elliott wave analysis of EUR/NZD for May 9, 2017

Wave summary: As expected, the corrective decline from 1.6020 is extending and should be able to reach support seen at 1.5644 before completing and setting the stage for the next impulsive rally higher towards at least 1.6655, and much higher levels towards 1.7196 and 1.7564 should be expected in the longer term. However, at first […]