NZD/USD reversed from major support level 0.7200

NZD/USD reversed from major support level 0.7200

2019-11-11 • Updated

  • 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.

Similar

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

CAD: Markets Await GDP Release
CAD: Markets Await GDP Release

During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...

Deposit with your local payment systems

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.

Callback

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!

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