NZD/USD rising inside minor corrective wave (iv)

NZD/USD rising inside minor corrective wave (iv)
Next buy target - 0.7000

NZD/USD continues to rise inside the minor corrective wave (iv) which started earlier from the support zone lying between the long-term support level 0.6810 (which reversed the previous downtrend in May, as can be seen below) and the lower daily Bollinger Band. NZD/USD is be expected to rise further to the next buy target at the next resistance level 0.7000 (forecast price for the completion of the active wave (iv), intersecting with the lower trendline of the wide daily down channel from July).

nzd - new zealand dollar

Similar

19.02.2021 13:13 NZD/USD: entering the six-year resistance zone

The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?

17.02.2021 10:32 EUR/GBP: bears eye 16-month-old support

The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.

09.02.2021 16:19 Cable hit record high since 2018

Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!

Latest news

03.04.2024 18:19 USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

28.03.2024 16:00 WTT: Currency Pairs To Trade In April

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.