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NZD/USD reversed from major support level 0.7200

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  • NZD/USD reversed from major support level 0.7200
  • Next buy target - 0.7300

NZD/USD today reversed up from the major support level 0.7200 (which has been steadily reversing the pair from the middle of June, as can be seen from the daily NZD/USD chart below). The support zone near the support level 0.7200 was strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.7200 started the active minor impulse wave 3. NZD/USD is expected to rise to the next buy target at the next resistance level 0.7300.

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