Categories: Technical analysis

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)).

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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The FxPro Tech Analysis Team
Tags: NZDUSD

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