NZDUSD Wave Analysis – 23 January 2026

NZDUSD: ⬆️ Buy

– NZDUSD broke resistance level 0.5850

– Likely to rise to resistance level 0.6000

NZDUSD currency pair recently broke the resistance level 0.5850 (which stopped the previous waves (b) and (1), as can be seen below).

The breakout of the resistance level 0.5850 coincided with the breakout of the cluster of Fibonacci retracements (50% and 61.8%) of the downward impulses from June and September.

NZDUSD currency pair can be expected to rise to the next round resistance level 0.6000 (which reversed earlier waves 4 and B).