Technical analysis

NZDUSD Wave Analysis 20 December 2023

– NZDUSD broke key resistance level 0.6200

– Likely to rise to resistance level 0.6360

NZDUSD currency pair under the bullish pressure after breaking the key resistance level 0.6200 (which has been reversing the price from the end of July).

The breakout of the resistance level 0.6200 accelerated the active minor impulse wave 1 of the medium-term upward impulse wave (C).

NZDUSD can be expected to rise further to the next resistance level 0.6360 (former resistance from April, March and July).

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