0
0
September 29, 2020 at 03:16PM
• NZDUSD reversed from key support level 0.6500
• Likely to rise to 0.6625
NZDUSD recently reversed up from the key support level 0.6500 (which has been steadily reversing the price from July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from the middle of May.
The upward reversal from the support level 0.6500 started the active short-term impulse wave 3.
Given the oversold daily Stochastic – NZDUSD is likely to rise to the next resistance level at 0.6625 (former support from the start of September).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdusd-wave-analysis-29-september-2020-20200929/
Selected by fonecable.com
Search Web: NZDUSD Wave Analysis 29 September, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating