NZDUSD Wave Analysis 2 April, 2021

April 02, 2021 at 03:55PM

• NZDUSD reversed from resistance level 0.7030

• Likely to fall to support level 0.6940

NZDUSD recently reversed down from the resistance level 0.7030 (former strong support from last December).

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The resistance area near the resistance level 0.7030 is strengthened by the 38.2% Fibonacci correction level of the previous minor impulse wave from last month.

NZDUSD is likely to fall further toward the next support level 0.6940 (low of the previous ABC correction 2 from the end of March).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdusd-wave-analysis-2-april-2021-20210402/
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April 02, 2021 at 03:55PM

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