🌊 #NZDUSD 🇳🇿/🇺🇸 Continuing the wave analysis for the currency pair on the weekly timeframe 🌊

📈 Potential start of an upward wave

🧐 It seems that the pair is heading towards forming upward waves in the coming period, especially after successfully completing the corrective wave representing wave (2)/(B) 📊. Analyses suggest the possibility of reaching new highs, based on the following points:

1. The formation of an upward sub-wave (1)/(A) in the impulsive pattern.
2. A corrective zigzag wave representing wave (2)/(B).
3. A key level breakout supports the bullish outlook, signaling the start of a new upward wave representing wave (3)/(C) 📈.

⚠️ If the price surpasses the 0.65382 level, it will serve as the initial target for the upward wave, with the possibility of reaching higher levels, potentially up to the 100% Fibonacci extension of wave (1)/(A) in the larger degree, around the 0.65858 level as shown on the chart.

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