Categories: Technical analysis

NZDUSD Wave Analysis – 13 July, 2021

• NZDUSD reversed from support level 0.6915
• Likely to rise to resistance level 0.7060

NZDUSD currency pair recently reversed up from the support level 0.6915 (previous monthly low from June), standing near the lower daily Bollinger band and 61.8% Fibonacci retracement of the sharp upward impulse from November.

The upward reversal from the support level 0.6915 stopped the previous minor impulse waves 3 and (C).

Given the bullish divergence on the daily Stochastic indicator – NZDUSD currency pair can be expected to rise further toward the next resistance level 0.7060.

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Dollar: Slowing Momentum, Same Direction

The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…

4 hours ago

Bitcoin Fell Back to Local Support

Bitcoin finds support near the 50-day moving average, but further declines in the stock market…

5 hours ago

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

This website uses cookies