NZD/USD broke resistance zone

• NZD/USD broke resistance zone
• Next buy target - 0.7430

NZD/USD continues to rise inside the intermediate impulse wave (3) which previously broke though the resistance zone lying between the key resistance level 0.7200 (former monthly high from October) and the 61.8% Fibonacci correction of the previous sharp downward impulse from the middle of September. NZD/USD is expected to rise further toward the next buy target at the next resistance level 0.7430 (high of the previous minor correction 2 from September).

Dmitry Chernovolov

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