NZDUSD Wave Analysis – 14 February 2025

– NZDUSD broke the resistance zone

– Likely to rise to resistance level 0.5800

NZDUSD currency pair recently broke the resistance zone between the key resistance level 0.5700 (which stopped the earlier waves iv, 2 and ii), the resistance trendline of the daily down channel from November and the 38.2% Fibonacci correction of the downward impulse from December.

The breakout of this resistance zone stopped the previous minor impulse wave iii of the higher order impulse wave 1 from last October.

NZDUSD currency pair can be expected to rise to the next resistance level 0.5800 (former monthly low from November).

Source: https://fxpro.news