Technical analysis

NZDUSD Wave Analysis 19 February, 2021

NZDUSD Wave Analysis 19 February, 2021

• NZDUSD broke resistance level 0.7250

• Likely to rise to resistance level 0.7315

NZDUSD currency pair recently broke the resistance level 0.7250 (which is the upper boundary of the sideways price range inside which the pair has been trading from the start of January).

The breakout of the resistance level 0.7250 continues the active short-term impulse waves (iii) and 3.

NZDUSD can be expected to rise further toward the next resistance level 0.7315 (top of the previous impulse wave (3) from the start of January) – followed by resistance level 0.7400.

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