Elliott Wave Analysis: CADJPY and NZDUSD
CADJPY moved to a new swing high but is now reversing lower, ideally into a new three wave correction which can stop at 85.00 region. On the other-hand, decline with sharp price move towards 84.64 swing will suggest that rally from 84.17 was only a temporary bounce; a three wave move within still larger and ongoing dowtrend on higher time frame charts.
NZDUSD is not moving much, but is trading out of a downward acceleration channel which normally indicates a completed extended third wave. As such, new corrective fourth wave can already be here; wave 4 that can rise up to 0.6980-0.7000 resistance area from where we will expect a new decline next week.