NZDUSD Wave Analysis – 1 July, 2020
July 01, 2020 @ 17:29 +03:00
• NZDUSD reversed from support level 0.6400
• Likely to rise to 0.6525
NZDUSD recently reversed up from the support level 0.6400 (low of the previous correction 2) – standing near the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from May.
The upward reversal from the support level 0.6400 continues the active short-term impulse wave 3. NZDUSD is likely to rise further toward the next resistance le