NZD/USD broke long-term support level 0.6840

NZD/USD broke long-term support level 0.6840

  • NZD/USD broke long-term support level 0.6840
  • Next sell target - 0.6670

NZD/USD recently broke through the long-term support level 0.6840 (which has been steadily reversing the price from the end of 2016, as can be seen from the daily NZD/USD chart below). The breakout of this support level accelerated the active minor impulse wave 3. NZD/USD is expected to fall in the active impulse wave (C) toward the next sell target at the next support level 0.6670 (former support from May of 2016).



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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