Categories: Technical analysis

NZDUSD Wave Analysis 30 December, 2020

• NZDUSD under bullish pressure

• Likely to rise to 0,7400

NZDUSD under the bullish pressure today after the pair broke above the resistance level 0.7170 (top of the previous minor impulse wave 3 from last week).

The pair is currently moving inside the multi-impulse upward impulse sequence aligned with the multi-month uptrend from March.

NZDUSD is expected to rise further to the next resistance level 0,7400 (target price for the completion of the active impulse waves 5 and (5)).

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.

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Tags: NZDUSD

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