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NZDUSD Has Cycle Intervening Wave x Ended?
The current structure of the NZDUSD pair hints at the completion of an intervening wave x of the cycle degree. The pattern has taken the form of a primary double zigzag. In the last section of the chart, we see an upward move, which could indicate the development of the initial part of the cycle wave y. This could also be a primary double zigzag, like the previous wave x. We can expect the end of the first actionary wave Ⓦ in the area of 0.731. This was formed by the intervening wave Ⓧ. There is a possible second option, where the formation of the cycle intervening wave x has not yet ended. Perhaps its last primary ... (full story)