NZD/USD broke key resistance level 0.7370

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.

nzd

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera