Ukrainian hryvnia demonstrated big gains against USD from late January to mid march. Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015. So I appreciate it as an active wave. I expect UAHUSD to resume its uptrend after this correction is completed.
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It might be the ending of correction. But I suggest to wait for some kind of confirmation.
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Last year UAH went down much more than I expected. However, it did not break the low and pattern survived, subsequent rise appeared to be slow. That's why I assume that UAH will not surge in near future, although formed pattern looks like diagonal, which may be a 1st wave in bigger wave structure of upside trend.