NZDUSD Weekly Elliott Wave Count
The NZDUSD may have bottomed at .62039, just above the A wave lows. The bounce since these lows is now testing a downtrend line and the RSI has tested resent highswhile trying to break above. A break above the trendline should lead to a break above .6797 with a larger target of .77609.
Back below .62039 and the X wave may have been completed at the A wave highs. The move down from .75658 could be labeled as a Leading Diagonal A or 1 down with this bounce a B wave correction.
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| NZDUSD Weekly Elliott Wave Count |