NZD/USD broke support zone

NZD/USD broke support zone

2019-11-11 • Updated

  • NZD/USD broke support zone
  • Next sell target - 0.7100

NZD/USD today broke through the support zone lying between the key support level 0.7200 (which has reversed the formed downward corrections (iv), (b) and (a), as can be seen below) and the 50% Fibonacci retracement of the earlier sharp upward impulse from the middle of May. The breakout of this support zone should accelerate the active c-wave of the minor ABC correction B from July. NZD/USD is expected to fall to next sell target at the next support level 0.7100 (target price for the completion of wave B).


EUR/GBP: bears eye 16-month-old support
EUR/GBP: bears eye 16-month-old support

The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera