• NZDUSD reversed from the support level 0.7100
• Likely to reach resistance level 0.7200
NZDUSD recently reversed up from the support level 0.7100 (which has been reversing the price from the middle of January – low of the previous waves 4 and (ii)) – standing near the lower daily Bollinger Band and 38.2% Fibonacci correction of the upward impulse from October.
The upward reversal form the support level 0.7100 started the active minor corrective wave B.
NZDUSD is likely to rise further toward the next resistance level 0.7200 (former minor support from the start of March).
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
This website uses cookies