NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD broke pivotal support level 0.7200
2019-11-11 • Updated
- NZD/USD broke pivotal support level 0.7200
- Next sell target - 0.7200
NZD/USD today broke below the pivotal support level 0.7200 (which has been reversing the price from the start of February, as can be seen below). The breakout of support level 0.7200 accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of February. NZD/USD is expected to fall further toward the next sell target at next support level 0.7200.
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