NZDUSD continues to rise after the earlier breakout of the resistance zone located between the key resistance level 0.6700 (top of wave 4 from September) and the 61.8% Fibonacci correction of the previous downward impulse from July.
The breakout of this resistance zone accelerated the active impulse wave (C). This price zone is acting as a strong support zone after it was broken.
NZDUSD is like to rise further and re-test the next resistance level 0.6840 (which reversed the price multiple times in July).
NZDUSD continues to rise after the earlier breakout of the resistance zone located between the key resistance level 0.6700 (top of wave 4 from September) and the 61.8% Fibonacci correction of the previous downward impulse from July.
The breakout of this resistance zone accelerated the active impulse wave (C). This price zone is acting as a strong support zone after it was broken.
NZDUSD is like to rise further and re-test the next resistance level 0.6840 (which reversed the price multiple times in July).
Related Posts: