– NZDUSD broke support zone
– Likely to fall to support level 0.5920
NZDUSD currency pair recently broke the support zone set between the support level 0.6050 (which stopped wave A at the start of October) and the 61.8% Fibonacci correction of the upward impulse from August.
The breakout of this support zone accelerated the C-wave of the active ABC correction (2).
Given the strength of the active C-wave, NZDUSD currency pair be expected to fall toward the next support level 0.5920 (target for the completion of the active ABC correction (2)).
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
EURUSD: ⬇️ Sell - EURUSD broke daily up channel - Likely to fall to support…
WTI crude oil: ⬆️ Buy - WTI crude oil reversed from support zone - Likely…
Positive macro statistics for the US are helping the greenback. Gold could rise to $4,610…
This website uses cookies