NZD/USD reversed from major support level 0.7200

NZD/USD reversed from major support level 0.7200

  • NZD/USD reversed from major support level 0.7200
  • Next buy target - 0.7300

NZD/USD today reversed up from the major support level 0.7200 (which has been steadily reversing the pair from the middle of June, as can be seen from the daily NZD/USD chart below). The support zone near the support level 0.7200 was strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.7200 started the active minor impulse wave 3. NZD/USD is expected to rise to the next buy target at the next resistance level 0.7300.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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