FX.co ★ Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs, Wednesday, November 15 2023.

On the daily chart the Kiwi can be seen after successfully triggering the signal Wiseman 1 (Bullish Divergent Bar), & Wiseman 2 (SAO) now NZD/USD will try to trigger the closest Wiseman 3 (Fractal) at level 0.6051. If this level is successfully broken, then, based on the Ichimoku Wave E Projection, the target to be aimed at is 0.6229 as the main target and if the momentum and volatility are strong enough then it is not impossible that the 0.6410 level will be the next target to be aimed at as long as on its way to these target levels there is no downward correction until it breaks through below the 0.5839 level, because if this level is successfully breaks below, it is very likely that all the scenarios previously described will become invalid and cancel themselves.

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