NZDUSD Wave Analysis – 24 August, 2020
August 24, 2020 @ 17:38 +03:00
• NZDUSD reversed from support zone
• Likely to rise to 0.6650
NZDUSD recently reversed up from the support area set between the pivotal support level 0.6500 (former support from July), lower daily Bollinger Band and the 61,8% Fibonacci retracement of the upward impulse from June.
The upward reversal from this support zone continues the active multi-month upward impulse sequence (C) from the middle of May.
NZDUSD is likely to rise further toward the next resistance level 0.6650 (top of the previous Bearish Engulfing from the middle of this month).