NZDUSD seems to be developing a bearishⒶ-Ⓑ-Ⓒ zigzag of the primary degree. Wave A formed a 5-wave impulse pattern, whereas wave Ⓑ seems incomplete. Its current structure suggests a standard zigzag consisting of intermediate sub-waves (A)-(B)-(C). In the medium term, we expect prices to rise in the ending wave (C) near 0.698. At the target level, intermediate wave (C) will be at 161.8% Fibonacci extension of wave (A). An alternative scenario suggests that primary Ⓑ correction could turn into a triple zigzag pattern. In this case, the complex pattern consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). Thus, in ... (full story)