Bul 5-0 Hermonic and The Elliot Wave Theory
Fundamental Analysis:
My expectations for the NZD is neutral in the long term, three month after cutting rates the RBNZD are most likely to leave their monetary unchanged because they made a significant progress with the CPI. In the other hand, Canada is slightly bearish , because the BoC 0.51%are most likely to leave the monetary policy unchanged,it would likely be a rate cut based on concerns over Canada’s competitiveness given CAD’s appreciation throughout 2016 and increasing concerns over inflation.
Technical Analysis:
There is a 5-0 harmonic pattern with the Elliot Wave Theory. I am buying in a pullback, that I think is the end of the bear B wave , trying to catch the C wave
My expectations for the NZD is neutral in the long term, three month after cutting rates the RBNZD are most likely to leave their monetary unchanged because they made a significant progress with the CPI. In the other hand, Canada is slightly bearish , because the BoC 0.51%are most likely to leave the monetary policy unchanged,it would likely be a rate cut based on concerns over Canada’s competitiveness given CAD’s appreciation throughout 2016 and increasing concerns over inflation.
Technical Analysis:
There is a 5-0 harmonic pattern with the Elliot Wave Theory. I am buying in a pullback, that I think is the end of the bear B wave , trying to catch the C wave