EuroMotif

NZD.USD on its way to 0.65 but retrace in progress: NU zones

EuroMotif Mod Обновлено   
FX:NZDUSD   Новозеландский доллар / Доллар США
NU got a boost like most did against the Dollar.
Plotted are some support zones worth watching.
This wave up should be a wave 5 in this plot (click).

0.63942/81 is first support, with a focused layer near bottom of zone (dark green).
0.63832/57 is the average expected retrace after a 5.236 wave.
0.63737/60 is Bulls Last Stand and disappointing if goes that low.

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Комментарий:
Here we are at First possible Support Has been noticed, but it came down here pretty fast and hard.
This zone might hold but expecting to hit the next one below.

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Комментарий:
Bit of a Bounce under way from the "Ideal" zone Am still not confident this is "the" bounce but looks good.
Limit buys were picked up in the zone, now with SL at BreakEven.

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Комментарий:
Bounce holding up pretty well. Need to get past this 3.618 which is being noticed for sure
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Комментарий:
There we go, broke through the 3.618 and even the "First test" line which could have become resistance
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Комментарий:
Nice! a Retest of the blue 3.618 and continuation Looking darn good, almost TOO good.
Am cautiously optimistic here because it is suspiciously prefect.

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Комментарий:
Now testing the fib above, blue 4.236
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Комментарий:
Interesting test of the "First Test" line almost as if it needed confirmation of existence, and it has just confirmed.

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Комментарий:
yup, that "1st Test" line was a doozy, brought us right up into the resistance zone .
Комментарий:
Unable to pass the local high But I dont think bulls are done yet, might need recharge lower

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Комментарий:
Another perfect Ping off the "test" line and now breaking resistance above
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Комментарий:
Beautiful retest of resistance and resumption Kiwi is looking very very strong.

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Комментарий:
Keeps going and going! Am plotting upcoming resistances now, to see if some targets can be found.

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Комментарий:
Looking things over and adding a new fib, my original targets still look good 0.646xx should be achievable, and may cause a pullback, and .649xx still makes for the ultimate target, whether after a pullback or just straight to it.

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Комментарий:
1st Target hit, and pulling back will measure the dip if it continues, to scope out supports below.

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