The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD reversed from resistance zone
2019-11-11 • Updated
- NZD/USD reversed from resistance zone
- Next sell target - 0.7340
NZD/USD continues to decline after the earlier downward reversal from the resistance zone lying between the key resistance level 0.7480 (which stopped the previous sharp primary impulse wave in the middle of 2016 and which was set as the buy target in our earlier forecast for this currency pair), upper weekly Bollinger Band and the 50% Fibonacci correction of the previous sharp weekly downward impulse from 2014. NZD/USD is expected to fall to the next sell target at the next support level 0.7340.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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