NZD/USD reversed from resistance zone

NZD/USD reversed from resistance zone

  • NZD/USD reversed from resistance zone
  • Next sell target - 0.7340

NZD/USD continues to decline after the earlier downward reversal from the resistance zone lying between the key resistance level 0.7480 (which stopped the previous sharp primary impulse wave in the middle of 2016 and which was set as the buy target in our earlier forecast for this currency pair), upper weekly Bollinger Band and the 50% Fibonacci correction of the previous sharp weekly downward impulse from 2014. NZD/USD is expected to fall to the next sell target at the next support level 0.7340.



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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