- NZDUSD reversed from the pivotal resistance level 0.6020
- Likely to fall to support level 0.5900
NZDUSD currency pair recently reversed down from the pivotal resistance level 0.6020 (which has been reversing the price from November).
The downward reversal from the resistance level 0.6020 formed the daily Shooting Star – which stopped the C-wave of the previous ABC corrections (2).
NZDUSD currency pair can be expected to fall to the next support level 0.5900, which has been reversing the price since the middle of May.
- Likely to fall to support level 0.5900
NZDUSD currency pair recently reversed down from the pivotal resistance level 0.6020 (which has been reversing the price from November).
The downward reversal from the resistance level 0.6020 formed the daily Shooting Star – which stopped the C-wave of the previous ABC corrections (2).
NZDUSD currency pair can be expected to fall to the next support level 0.5900, which has been reversing the price since the middle of May.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to [email protected] for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.