EURNZD continues to fall inside the short-term impulse wave C, which started recently from the resistance area lying between the resistance level 1.6830 (former key support from December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse 5 from December.
The active impulse wave C belongs to the ABC correction (B) from the start of January.
EURNZD is likely to fall further toward the next support level 1.6620 (monthly low from last month and the target for the completion of the active ABC correction (B)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies
