FxPro - Analytics

FxPro

753.75 6.25/10
88% of positive reviews
Real

NZDUSD Analysis 06 November, 2020

NZDUSD Analysis 06 November, 2020

• NZDUSD reversed from resistance area

• Likely to fall to 0.6710

NZDUSD recently reversed down from the resistance area lying between the key resistance level 0.6790 (which stopped the previous impulse waves 3 and 5 in September, as can be seen below) and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the previous impulse waves 3 and (3).

Given the overbought daily Stochastic – NZDUSD is likely to fall further toward the next support level 0.6710 (former top of the previous impulse wave 1 from the end of October).

NZDUSD Analysis 06 November, 2020


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