USD: technical outlook
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
NZD/USD reversed from support area
- NZD/USD reversed from support area
- Next buy target - 0.7350
NZD/USD recently reversed up from the support area lying between the pivotal support level 0.7180 (which reversed the previous waves 4 and A, as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from last November. NZD/USD is expected to rise further toward the next buy target at next resistance level 0.7350 (top of the previous wave B).
Dmitry Chernovolov
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