NZD/USD reached buy target 0.7400
- NZD/USD reached buy target 0.7400
- Next buy target - 0.7500
NZD/USD continues to rise sharply – following the earlier breakout of the resistance zone lying at the intersection of the resistance level 0.7400 (which was set as the buy target in our previous forecast for this currency pair) and the upper resistance trendline of the wide daily up channel from January.
The breakout of the aforementioned resistance zone greatly accelerated the active minor impulse wave 3 – which belongs to the intermediate (C)-wave from the end of May. NZD/USD is expected to rise further to the next buy target at the next resistance level 0.7500.