NZD/USD broke key support level 0.7050

NZD/USD broke key support level 0.7050

  • NZD/USD broke key support level 0.7050
  • Next sell target - 0.6950

NZD/USD continues to fall after the earlier breakout of the key support level 0.7050 (which stopped the previous minor impulse wave (i) at eth start of October, as can be seen below). The breakout of the support level 0.7050 should accelerate the minor sub wave (iii) of the impulse wave (c) from the middle of September. NZD/USD is expected to fall to the next sell target at the next support level 0.6950 (former resistance level from May). Strong resistance now stands at 0.7050.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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