After showing you the bigger picture of NZD USD last week, now it is time to go deeper into the details. The 15-minute chart of this currency pair seems to be confirming the idea of a bullish price movement. It shows a very nice 5-3 Elliott Wave cycle. According to the Elliott Wave Principle, we should now expect more strength from NZD USD. The red declining trend line, connecting the tops of wave 5 and wave “x”, should be broken to the upside soon.