NZD/USD broke support level 0.7340

NZD/USD broke support level 0.7340

2019-11-11 • Updated

  • NZD/USD broke support level 0.7340
  • Next sell target - 0.7200

NZD/USD today broke below the support level 0.7340 (former resistance level from June which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 0.7340 should accelerate the active minor corrective wave 2 (which started earlier from the powerful resistance level 0.7550). NZD/USD is expected fall further toward the next sell target at the next support level 0.7200 (low of the previous corrective waves 4 and (2)).

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