New Zealand Dollar / U.S. Dollar (NZDUSD) Forex Elliott Wave Technical Analysis By Tradinglounge
Jul 21, 2025•Channel
AI Analysis
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Published10 months ago
Duration0:55
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New Zealand Dollar / U.S. Dollar (NZDUSD) Day Chart
NZDUSD Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Orange Wave 3
POSITION: Navy Blue Wave 1
DIRECTION OF HIGHER DEGREES: Orange Wave 3 (Initiated)
DETAILS: The correction in Orange Wave 2 appears complete; Orange Wave 3 is now active.
Wave Cancel Invalid Level: 0.58854
The NZDUSD daily chart presents a clear trend with an impulsive wave structure developing. Currently, Orange Wave 3 is progressing within a broader Navy Blue Wave 1 structure. This indicates that the pair is in the early stages of a strong Elliott Wave sequence, typically associated with increased price momentum. Technical indicators confirm that Orange Wave 2 has finished, and price action has now transitioned into Orange Wave 3 — known for its forceful moves in trending markets.
The impulsive behavior is marked by continuous higher highs, signaling strong institutional demand.
New Zealand Dollar / U.S. Dollar (NZDUSD) 4-Hour Chart
NZDUSD Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Orange Wave 3
POSITION: Navy Blue Wave 1
DIRECTION OF HIGHER DEGREES: Orange Wave 3 (Initiated)
DETAILS: Orange Wave 2 appears completed. Orange Wave 3 is now in motion.
Wave Cancel Invalid Level: 0.58854
The 4-hour Elliott Wave analysis of NZDUSD identifies a strong trend with a clear impulsive structure. Orange Wave 3 is developing within a larger Navy Blue Wave 1 framework. This setup places the currency pair in what is generally the most active and extended stage of the Elliott Wave sequence. Technical data confirms the end of the corrective Orange Wave 2, and price action has now moved into Orange Wave 3, historically known for its strength and momentum.
Technical Analyst: Malik Awais
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