By Orbex
The formation of the NZDUSD currency pair in the long term hints at a cycle zigzag pattern, consisting of three main sub-waves a-b-c.
On the current chart, we see the second half of a major correction wave b. It looks fully completed, taking the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last actionary wave Ⓩ is equal to the primary wave Ⓨ. So there is a possibility that the development of the triple zigzag is over.
In this case, in the near future, the market will turn around and the formation of a cycle wave c will begin. In turn, this can take the form of an impulse or an ending diagonal.
Bullish movement in wave c may reach the October peak at the 0.722 level (marked by an intervening wave Ⓧ) and then rise to higher levels.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
However, the formation of a correction wave b of the cycle degree can continue. Perhaps the primary wave Ⓩ will not be a double zigzag, but a triple zigzag (W)-(X)-(Y)-(X)-(Z) of the intermediate degree.
We see that the first four parts of the intermediate pattern are fully completed. And in htis case, the price may soon begin to decline in the final intermediate wave (Z). Wave (Z) can take the form of a simple zigzag A-B-C of the minor degree, as shown on the chart.
The fall of the exchange rate in the alternative scenario could be in the 0.640 area. At that level, primary wave Ⓩ will be at 161.8% of primary wave Ⓨ.
Article by Orbex
Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com
- Oil prices have fallen to pre‑war levels. AI companies continue to sell off Jul 3, 2026
- Gold Rises Sharply as Markets Reassess Fed Rate Outlook Jul 3, 2026
- The Eurozone has shown a significant slowdown in inflation. Australia has recorded its largest trade deficit since 2015 Jul 2, 2026
- Natural gas prices are rising amid increasing electricity consumption Jul 1, 2026
- USD/JPY at 40-Year High: Multiple Factors Weigh on the Yen Jul 1, 2026
- Gold Declines: Fed Policy and Geopolitics Weigh Jun 30, 2026
- Oil prices have once again risen above 70 dollars per barrel. The Australian dollar has updated a three‑month low Jun 30, 2026
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
