Categories: Technical analysis

NZDUSD Wave Analysis – 24 September, 2019

  • NZDUSD reversed from support area
  • Likely to rise to 0.6350

NZDUSD recently reversed up from the support area lying between the support level 0.6270 (low of the previous impulse wave 1), support trendline of the wide down channel from March and the lower daily Bollinger Band.

The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Piercing Line.

With the bullish divergence visible on the daily Stochastic – NZDUSD is expected to rise further and retest the next resistance level 0.6350.

 

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: NZDUSD

Recent Posts

Oil: rebounded but unlikely started to recover

Oil prices rose by over 7% in the past week, reaching above $70 per barrel.…

13 hours ago

EURGBP Wave Analysis 25 November 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8375 EURGBP…

13 hours ago

EURCHF Wave Analysis 25 November 2024

- EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF…

13 hours ago

Important economic events of new week

The RBNZ's key rate decision, the release of the FOMC meeting minutes, and inflation estimates…

17 hours ago

Crypto Recharged Over the Weekend

The crypto seems recharged over weekend, and positive traction resumed on Monday. Bitcoin may reach…

18 hours ago

GBPUSD Wave Analysis 22 November 2024

- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…

4 days ago

This website uses cookies