NZD/USD broke support level 0.7340

NZD/USD broke support level 0.7340

  • 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)).



GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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