Technical analysis

NZDUSD Wave Analysis – 28 June, 2019

NZDUSD Wave Analysis – 28 June, 2019
  • NZDUSD broke resistance area
  • Further gains are likely

NZDUSD recently broke the resistance area lying between the key resistance level 0.6660 (which reversed the price in June and April) and the 38.2% Fibonacci correction of the previous downward impulse from March.

The breakout of this resistance area accelerated the active impulse wave 3 from the middle of June – which belongs to wave (3).

NZDUSD is expected to rise further and retest the next resistance level 0.6750 (former support from March).

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