Technical analysis
NZDUSD Wave Analysis 28 January, 2021
January 28, 2021 @ 18:27 +03:00
![NZDUSD Wave Analysis 28 January, 2021 NZDUSD Wave Analysis 28 January, 2021](https://fxpro.news/wp-content/uploads/2018/12/banner-new-zealand-dollar-coin-notes-close.jpg)
• NZDUSD reversed from support level 0.7100
• Likely to rise to 0.7250
NZDUSD today reversed up from the key support level 0.7100 (which also stopped the previous ABC correction (2)) – intersecting with the lower daily Bollinger Band.
If the pair closes today near the current levels it will form the daily candlesticks reversal pattern Hammer – strong buy signal for NZDUSD.
Given the clear daily uptrend – NZDUSD is expected to rise further toward the next resistance level 0.7250 (top of the previous corrective wave B).
![](https://fxpro.news/wp-content/uploads/2021/01/nzdusd-primary-analysis-jan-28-1658-pm-1-day-1024x479.png)