NZDUSD Wave Analysis

  • NZDUSD reversed from resistance level 0.6500
  • Likely to fall to support level 0.6360

NZDUSD currency pair recently reversed down from the resistance level 0.6500 (the previous monthly high from last month, which stopped the previous wave (A)).

The resistance level 0.6500 was further strengthened by the upper daily Bollinger Band.

NZDUSD can be expected to fall further toward the next support level 0.6360 (low of the previous short-term correction 2).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading