On the daily chart, an ascending wave of the higher level (A) of B has been formed, and the downward correction continues to develop as wave (B) of B, within which the formation of wave C of (B) began. At the moment, the third wave of the lower level iii of С is forming, within which wave (iii) of С is developing and wave (iii) of iii has completed.
If the assumption is correct, after the local correction (iv) of iii the decline of NZDUSD will continue to the levels of 0.632 - 0.6224. The level of 0.6646 is critical and stop-loss for this scenario.
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