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NZDUSD Wave Analysis 25 October 2024

– NZDUSD broke support zone– Likely to fall to support level 0.5920NZDUSD currency pair recently broke the support zone set between the support level 0.6050 (which stopped wave A at the start of October) and the 61.8% Fibonacci correction of the upward impulse from August.The breakout of…

ОбновленныйОкт 26, 2024
1 мин. чтения

– NZDUSD broke support zone

– Likely to fall to support level 0.5920

NZDUSD currency pair recently broke the support zone set between the support level 0.6050 (which stopped wave A at the start of October) and the 61.8% Fibonacci correction of the upward impulse from August.

The breakout of this support zone accelerated the C-wave of the active ABC correction (2).

Given the strength of the active C-wave, NZDUSD currency pair be expected to fall toward the next support level 0.5920 (target for the completion of the active ABC correction (2)).

Source: https://fxpro.news

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