LeoPrime Daily Market Analysis

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NZDUSD broke 0.66500 resistance area; Likely to rise to 0.67000

NZDUSD recently broke the resistance area lying between the resistance levels 0.66000 and 0.66500 (top of the pearlier Shooting Star) – intersecting with the resistance trendline of the wide daily down channel from last year. The breakout of this resistance area accelerated the active impulse waves (iiii) and 5. NZDUSD is likely to rise further toward the next resistance level 0.67000 (target price for the completion of the active impulse wave (iii) -intersecting with the resistance trendline of the sharp daily down channel from last September. Nearby support stands at 0.66500.

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