GBP/USD: 'V-Top' pattern points to decline
We should keep an eye on the 34 MA as an intraday target. A pullback from this line could be a departure point for...
NZD/USD broke key resistance level 0.7370
- NZD/USD broke key resistance level 0.7370
- Next buy target - 0.7480
NZD/USD has been under strong bullish pressure lately – following the earlier breakout of the key resistance level 0.7370 (which had reversed the price sharply in November and February, as can be seen from the daily NZD/USD chart below). The breakout of the resistance level 0.7370 accelerated the active minor impulse wave – which belongs to the impulse (1) of the primary upward impulse wave ③ from the start of May. NZD/USD is expected to rise to the next buy target at the next resistance level 0.7480.
Dmitry Chernovolov
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