- NZDUSD reversed from support zone
- Likely to rise to resistance level 0.6100
NZDUSD recently reversed up from the support zone located between the key support level 0.5920 (which stopped wave 4in the middle of June), lower daily Bollinger Band and the support trendline of the daily up channel from April.
The upward reversal from this support zone started the active intermediate correction (2).
Given the clear daily uptrend, NZDUSD can be expected to rise to the next resistance level 0.6100, target price for the completion of the active correction (2) (which has been reversing the price from June).
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.