Market Snapshots

NZDUSD Wave Analysis – 1 July, 2020

NZDUSD Wave Analysis – 1 July, 2020

• 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

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