FBS - Analytics


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    NZD/USD reached buy target 0.7150

    NZD/USD continues to rise strongly inside the 3rd minor impulse wave 3, which recently broke the resistance level 0.7150, which was set as the buy target in our previous forecast for this instrument. The breakout of this resistance level intensified the bullish pressure on NZD/USD – leading to the subsequent breakout of the upper resistance trendline of the wide daily up channel from January.

    NZD/USD is likely to rise further in the active impulse waves 3 and (C) toward the next buy target at the resistance level 0.7300 (target price for the completion of wave (C)).

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