FBS - Analytics

    FBS

    555.00 6.00/10
    84% of positive reviews
    Real

    NZD/USD rising inside impulse waves (v) and (C)

    • NZD/USD rising inside impulse waves (v) and (C)
    • Next buy target - 0.7050

    NZD/USD has been rising sharply in the last few trading sessions inside the minor impulse wave (v), which belongs to the strong intermediate impulse wave (C) from January. The active impulse wave (v) started earlier – when the price reversed up from the support zone lying between the pivotal support level 0.6860 (former strong resistance level from December and March) and the 38.2% Fibonacci correction of the previous upward impulse from March.

    NZD/USD is likely to rise further to the next buy target at the resistance level 0.7050 (which stopped the previous minor impulse wave (iii) in April).

     

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree