Categories: Technical analysis

NZDUSD Wave Analysis – 10 April 2025

NZDUSD: ⬆️ Buy

– NZDUSD reversed from support zone

– Likely to rise to resistance level 0.5820

NZDUSD currency pair recently reversed from the support zone between the key support level 0.5530 (which has been reversing the price from January) and the lower daily Bollinger Band.

The upward reversal from the support level 0.5530 created the daily Japanese candlesticks reversal pattern Morning Star Doji.

Given the strongly bearish US dollar sentiment, NZDUSD currency pair can be expected to rise to the next resistance level 0.5820.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: NZDUSD

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