• NZD/USD rising inside impulse wave (3) • Further gains are likely
NZD/USD has been rising in the last few trading sessions inside the impulse wave (3) which started earlier from the support zone lying between the major support level 0.6850 (which has been steadily reversing the price from the end of 2016) and the lower weekly Bollinger Band.
The active medium-term impulse wave (3) is a part of the long-term impulse sequence ③ from last November.
Given the strength of the aforementioned support level 0.6850 – NZD/USD is likely to continue to rise in the nearest time. The nearby resistance stands at 0.7100.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies