NZDUSD Wave Analysis

NZDUSD: ⬇️ Sell

  • NZDUSD broke support zone
  • Likely to fall to support level 0.5660

NZDUSD currency pair recently broke the support zone between the support level 0.5750 (which reversed the price in September) and the support trendline of the daily down channel from June.

The breakout of this support zone should accelerate the active impulse waves 3 and (C).

NZDUSD currency pair can be expected to fall to the next support level 0.5660 (target price for the completion of the active impulse wave (C)).

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