Dólar Neo-Zelandês/Dólar Americano
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NZDUSD Wave Analysis 31 December 2024

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- NZDUSD broke key support 0.5600
- Likely to fall to support level 0.5500

NZDUSD currency pair under the bearish pressure after breaking the key support 0.5600, which stopped the previous long-term ABC correction (2) earlier this month.

The breakout of the support 0.5600 strengthened the bearish pressure on this currency pair.

Given the multi-month downtrend, NZDUSD currency pair can be expected to fall to the next major support level 0.5500 (which stopped multiyear downtrend in 2022) - from where the upward correction is likely.

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