NZD/USD update

This currency pair seems to have behaved as expected on the previous post. it seems likely that the iii(circle)rd wave down has terminated/ is terminating A wave iv(circle) bounce is expected that will most likely terminate at or bellow 0.8075 handle and will most likely be a zigzag/ contracting triangle. This is a perfect time to scale out some profits for those of you who are short this market, for those who are long and running a loss a move towards the 0.8075 would be a good place ro exit at a smaller loss.

Regards,
Ahmed Farghaly