NZD/USD broke support level 0.7080

NZD/USD broke support level 0.7080

  • NZD/USD broke support level 0.7080
  • Next sell target - 0.7000

NZD/USD recently broke the support level - 0.7080 (which reversed the price at the start of January, as can be seen below). The breakout of the support level follows the earlier breakout of the 50% Fibonacci correction of the sharp upward impulse from last November. NZD/USD is expected to fall toward the next sell target at next round support level 0.7000 (target price for the completion of the active impulse wave C).

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