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September 17, 2019 @ 15:26 +03:00
NZDUSD recently reversed down from the resistance zone lying between the resistance level 0.6430 (former strong support from October of 2018), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse 1 from July.
The downward reversal from this resistance zone started the active short-term impulse wave 3.
NZDUSD is expected to fall further and retest the next strong support level 0.6270 (low of the previous impulse wave 1).