NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD reversed from support area
2019-11-11 • Updated
- NZD/USD reversed from support area
- Next buy target - 0.6950
NZD/USD recently reversed up sharply from the support area lying between the key support level 0.6820 (which has been reversing the price from the end of October) and lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor impulse wave 5. If the pair closes today near the current levels it will form the daily Morning Star. NZD/USD is expected to rise to the next buy target at the next resistance level 0.6950.
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