NZDUSD - SHORT - 5TH WAVE + MACROS
BIAS: Short
Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster.
Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.
Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster.
Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.