NZD/USD reached buy target 0.7130
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- NZD/USD reached buy target 0.7130
- Next buy target - 0.7200
NZD/USD today broke sharply above the resistance level 0.7130, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level 0.7130 was preceded by the breakout of the 50% Fibonacci correction of the earlier intermediate impulse wave (C) from the start of February – which accelerated the active intermediate impulse wave (3). NZD/USD is expected to rise in the active impulse waves (3) and Ⓒ in the direction of the next buy target at the resistance level 0.7200.
