Hi grandaevus,Originally Posted by ;
According to me, due to the strength of nzd from yesteryear, I am not investing in this pair, but since you asked, this is my opinion:
Many specialists say that usd needs one down to complete a major wave down. I'm not too confident as well but so far in the arrangement of usd index, and the corresponding pairs of usd, it appears to have completed the tide down (maybe I am wrong as well.) So in my opinion, this upmove of usd is the 2nd wave. When usd is strengthening, then the pairs which usd is involved with if create a downward movement. In the instance of gbp and nzd, they are still quite strong and on greater timeframes, they are not breaking so easily enjoy others. So I don't think your chart may be correct (just my two cents). Here is my 4hr chart.
nu 4 hr
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