FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

NZDUSD Wave Analysis – 21 January, 2022

NZDUSD Wave Analysis – 21 January, 2022

• NZDUSD reversed from support level 0.6700

• Likely to rise to resistance level 0.6800

NZDUSD recently reversed up from the key support level 0.6700 (previous monthly low from December), strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 0.6700 stopped the previous sharp downward impulse wave 3 and (C).

Given the strength of the support level 0.6700 – NZDUSD can be expected to rise further toward the next resistance level 0.6800.

NZDUSD Wave Analysis – 21 January, 2022


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