NZDUSD Technical Analysis Report 24 September, 2025
NZDUSD currency pair can be expected to fall further to the next support level 0.5800 (former monthly low from August and the target for the completion of the active wave (2)).
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- NZDUSD broke support area
- Likely to fall to support level 0.5800
NZDUSD currency pair recently broke the support area set between the support trendline of the daily up channel from August (which encloses the previous intermediate impulse wave (1), as can be viewn from the daily NZDUSD chart below) and the support trendline from April. The breakout of this support area accelerated the active medium-term ABC correction (2) from the middle of September – which belongs to the long-term upward impulse wave 1 from last month.
Given the strongly bullish US dollar sentiment viewn today, NZDUSD currency pair can be expected to fall further to the next support level 0.5800 (former monthly low from August and the target for the completion of the active wave (2)).
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