NZDUSD may see a retrace next week to the upside. You will notice in the chart, AB=CD is very close to the target price which indicates a potential retrace. Also, there is a wolfewave that formed and is at or reaching point "5" which is also a sign of a retrace to the upside. It may only be a hundred pips or so.... We shall see next week.
Learn about wolfewaves, click on the link below.
http://www.wolfewave.com/what_is_the_wolfewave.htm
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