NZDUSD Wave Analysis – 07 August, 2020
August 07, 2020 @ 17:21 +03:00
• NZDUSD reversed from pivotal resistance level 0.6690
• Likely to fall to 0,6575
NZDUSD recently reversed down from the pivotal resistance level 0.6690 (former multi-candle top from the end of June) – located near the upper daily Bollinger band.
The downward reversal from the resistance level 0.6690 stopped the previous short-term impulse wave 3.
NZDUSD is likely to fall further toward the next support level 0,6575 (former strong resistance from the start of June).