NZDUSD Wave Analysis – 9 December, 2021

• NZDUSD reversed from resistance level 0.6820

• Likely to fall to support level 0.6750

NZDUSD currency pair recently reversed down from the key resistance level 0.6820 (which stopped the price at the end of November and also in the middle of August).

The downward reversal from the resistance level 0.6820 is aligned with the clear daily downtrend.

NZDUSD can be expected to fall further toward the next support level 0.6750 (which stopped the previous short-term impulse wave (i)).