Categories: Technical analysis

NZDUSD Wave Analysis – 4 April, 2022

• NZDUSD reversed from key support level 0.6885
• Likely to rise to resistance level 0.7000

NZDUSD recently reversed up with the daily Long-Legged Doji from the key support level 0.6885 (former monthly high from January).

The support area near the support level 0.6885 was strengthened by the 20-day moving average and 38.2% Fibonacci correction of the upward impulse wave 1 from March.

NZDUSD can be expected to rise further toward the next round resistance level 0.7000 (top of the previous impulse wave 1 from last month).

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

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

2 days ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

2 days ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

2 days ago

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

2 days ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

3 days ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

3 days ago

This website uses cookies