Market Snapshots

NZDUSD Wave Analysis – 14 June, 2019

NZDUSD Wave Analysis – 14 June, 2019
  • NZDUSD falling inside corrective wave 2
  • Further losses are likely

NZDUSD continues to fall inside the second corrective wave 2 – which started earlier from the resistance area lying between the key resistance level 0.6680 and the upper daily Bollinger Band.

The active corrective wave 2 belongs to the medium-term upward impulse sequence (3) from the end of May.

NZDUSD is expected to fall further and retest the next key support level 0.6490 (low of the previous long-term ABC correction (2)).

Source: FxPro

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