NZD/USD reached buy target 0.7130

NZD/USD reached buy target 0.7130

  • NZD/USD reached buy target 0.7130
  • Next buy target - 0.7200

NZD/USD today broke sharply above the resistance level 0.7130, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level 0.7130 was preceded by the breakout of the 50% Fibonacci correction of the earlier intermediate impulse wave (C) from the start of February – which accelerated the active intermediate impulse wave (3). NZD/USD is expected to rise in the active impulse waves (3) and Ⓒ in the direction of the next buy target at the resistance level 0.7200.



USD/CAD: bullish above 1.24

USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage…


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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