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NZDUSD Wave Analysis – 14 December, 2021

NZDUSD Wave Analysis – 14 December, 2021

• NZDUSD reversed from support level 0.6740

• Likely to rise to resistance level 0.6820


NZDUSD currency pair recently reversed up from the key support level 0.6740 (which stopped the previous minor impulse wave 3 with the daily Morning Star).

The upward reversal from the support level 149.00 stopped the earlier short-term impulse wave 5.

Given the oversold daily Stochastic, NZDUSD can be expected to rise toward the next resistance level 0.6820 (top of the earlier short-term correction 4).

NZDUSD Wave Analysis – 14 December, 2021


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