NZD/USD reversed from support zone
- NZD/USD reversed from support zone
- Next buy target - 0.7450
NZD/USD continues to rise inside the minor impulse wave (iii) – which started earlier – when the pair reversed up from the support zone lying between the pivotal support level support 0.7240 (which has been reversing the pair from August), the lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from July.
NZD/USD is expected to rise further in the active impulse waves (iii) and 3 toward the next buy target at the resistance level 0.7450 (which reversed the previous impulse wave (i) in September).