Technical analysis
NZDUSD Wave Analysis – 14 December, 2021
December 14, 2021 @ 15:34 +03:00
![NZDUSD Wave Analysis – 14 December, 2021 NZDUSD Wave Analysis – 14 December, 2021](https://fxpro.news/wp-content/uploads/2020/03/240320-2.png)
• NZDUSD reversed from support level 0.6740
• Likely to rise to resistance level 0.6820
NZDUSD currency pair recently reversed up from the key support level 0.6740 (which stopped the previous minor impulse wave 3 with the daily Morning Star).
The upward reversal from the support level 149.00 stopped the earlier short-term impulse wave 5.
Given the oversold daily Stochastic, NZDUSD can be expected to rise toward the next resistance level 0.6820 (top of the earlier short-term correction 4).
![](https://fxpro.news/wp-content/uploads/2021/12/nzdusd-primary-analysis-dec-14-1422-pm-1-day-1024x501.png)