NZDUSD Wave Analysis – 10 February, 2022

• NZDUSD broke key resistance level 0.6700

• Likely to rise to resistance level 0.6800

NZDUSD currency pair recently broke the key resistance level 0.6700 (former strong support from the start of December).

The breakout of the resistance level 0.6700 coincided with the breakout of the 50% Fibonacci correction of the previous sharp downward impulse wave 3 from last month.

NZDUSD currency pair can be expected to rise further toward the next resistance level 0.6800 (target for the completion of the active correction 4).

Source: Fxpro

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