NZDJPY recently broke the support zone lying between the key support level 75.50 (former resistance from September) and the 50% Fibonacci correction of the previous sharp upward impulse form October.
The breakout of this support level should continue the active short-term impulse wave 3 of medium-term downward impulse wave (C) from the start of this month.
NZDJPY is expected to fall further and re-test the next support level 74.00 (forecast price calculated for the completion of the active impulse wave 3).
NZDJPY recently broke the support zone lying between the key support level 75.50 (former resistance from September) and the 50% Fibonacci correction of the previous sharp upward impulse form October.
The breakout of this support level should continue the active short-term impulse wave 3 of medium-term downward impulse wave (C) from the start of this month.
NZDJPY is expected to fall further and re-test the next support level 74.00 (forecast price calculated for the completion of the active impulse wave 3).
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