FX.co ★ Forecast Overview of NZD / USD for August 2, 2017

The rising wave of the trend for the major pair NZD / USD has reached a critical, economic reversal zone. orms a counter correction that is similar to it in terms of level.

A downward pullback started last week from its wave level that shows the beginning of the reversal construction.

The nearest trading sessions are expected to end the decline, the turn and the beginning of the price hike.

Boundaries of resistance zones:

- 0.7460 / 90

Support zone boundaries:

- 0.7390 / 60

Explanations to the figures: For simplified wave analysis, a simple type of wave is used that combines 3 parts (A; B; C).

Attention: The wave algorithm does not consider the duration of the tool movements in time. used by your trading systems.