NZDUSD Wave Analysis – 20 February 2023
February 20, 2023 @ 19:39 +03:00
• NZDUSD reversed from key support level 0.6220
• Likely to rise to resistance level 0.6400
NZDUSD currency pair recently reversed up from the key support level 0.6220, intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 0.6220 stopped the previous short-term ABC correction 2.
NZDUSD can be expected to rise further toward the next resistance level 0.6400 (top of the previous minor correction (b)).