NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD rising inside primary impulse wave ③
2019-11-11 • Updated
NZD/USD rising inside primary impulse wave ③
Next buy target - 0.7050
NZD/USD has been rising in the last few trading sessions inside the minor impulse wave 1, which beings to the primary impulse wave ③, which started earlier from the powerful support zone located between the key support level 0.6860 (low of the previous wave (A)) and 0.6800. This support zone was further strengthened by the lower daily Bollinger Band.
NZD/USD is expected to rise to the next buy target at the resistance level 0.7050 (top of the previous minor corrective wave 4 from April).
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