NZD/USD MAY Slide Down
#trading_idea #NZDUSD 💡
🥝Pay Attention to NZD/USD!
On the 1-hour chart, the price is moving within a short-term ascending channel, showing growing bullish strength. However, the MACD indicates a potential correction downward. Meanwhile, the kiwi dollar surged to an eight-month high of $0.6295, fueled by an upbeat business outlook survey revealing a significant rise in confidence, the highest in a decade. The currency is currently up 0.73% to $0.6291, showing strong support following the Reserve Bank of New Zealand's recent rate cut and signals of possible future cuts.
🔼If the price rebounds from the lower lone of the uptrend channel we may see retest 0.6299 resistance.
🔽Otherwise, if the price breaks down the trendline rebound slide towards support 0.626 is likely.
👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.
➡️GET $20,000 JUST FOR $99
🥝Pay Attention to NZD/USD!
On the 1-hour chart, the price is moving within a short-term ascending channel, showing growing bullish strength. However, the MACD indicates a potential correction downward. Meanwhile, the kiwi dollar surged to an eight-month high of $0.6295, fueled by an upbeat business outlook survey revealing a significant rise in confidence, the highest in a decade. The currency is currently up 0.73% to $0.6291, showing strong support following the Reserve Bank of New Zealand's recent rate cut and signals of possible future cuts.
🔼If the price rebounds from the lower lone of the uptrend channel we may see retest 0.6299 resistance.
🔽Otherwise, if the price breaks down the trendline rebound slide towards support 0.626 is likely.
👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.
➡️GET $20,000 JUST FOR $99
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.