NZDUSD Wave Analysis – 14 December, 2021

• 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).