Market Snapshots

NZDUSD Wave Analysis – 9 July, 2020

NZDUSD Wave Analysis – 9 July, 2020

• NZDUSD rising inside impulse wave 3

• Likely to reach 0.6750

NZDUSD continues to rise inside the sharp impulse wave 3, which previous broke above the resistance level 0.6575 (former monthly high from last month)

The active impulse wave 3 belongs to the longer-term upward impulse sequence (C) from the middle of May.

NZDUSD is likely to rise further toward the next resistance level 0.6750 (former multi-month high from December and the target for the completion of the impulse sequence (C).

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