NZD/USD - NZD/USD 11/7/2019 - 07/11/2019 (GMT)
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- Timeframe : Monthly
NZD/USD Chart
There is a pullback at 50% Fibonacci, if this is a false breakout, then the price will drive toward 23.6% or #2 (resistance level). However, if the prices are looking for the next corrective wave, it should be landing at #4 (resistance or 61.8%) and final will be at #5 (support level or 78.6%) with respect to the trendline.
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