NZDUSD Wave Analysis – 14 June, 2019

NZDUSD falling inside corrective wave 2
Further losses are likely

NZDUSD continues to fall inside the second corrective wave 2 – which started earlier from the resistance area lying between the key resistance level 0.6680 and the upper daily Bollinger Band.

The active corrective wave 2 belongs to the medium-term upward impulse sequence (3) from the end of May.

NZDUSD is expected to fall further and retest the next key support level 0.6490 (low of the previous long-term ABC correction (2)).

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.

Next Corn Wave Analysis – 14 June, 2019 »

Previous « Trade war escalates into a battle of stimulus

Published by

The FxPro Tech Analysis Team

Tags: NZDUSD

7 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…