NZDUSD - Daily - LONG... For now...
For now it looks like a Bullish scenario. I believe that we will re-test the level around 0.73300 or even 0.73400 . I will say that there is no clear exact level to watch out for. You will have to keep an eye on the area. In my opinion, I have highlighted the area with a circle.
If we won't break those levels up there, then I don't see this going higher. At the moment, the BUY side is more attractive than a SELL. But again, it all depends how this pair will behave around 0.73300-0.73400 .
There are no more significant news this week from New Zealand that could really affect the NZD. But we have the Fed's IR decision on Wednesday, that will affect USD, which will have a knock-on affect on this pair.
If you do decide to go in, then I recommend to keep a close eye on it. If you see something not working like it should do, then bail. Better save than sorry.
As always, keep an eye on the price action!
If we won't break those levels up there, then I don't see this going higher. At the moment, the BUY side is more attractive than a SELL. But again, it all depends how this pair will behave around 0.73300-0.73400 .
There are no more significant news this week from New Zealand that could really affect the NZD. But we have the Fed's IR decision on Wednesday, that will affect USD, which will have a knock-on affect on this pair.
If you do decide to go in, then I recommend to keep a close eye on it. If you see something not working like it should do, then bail. Better save than sorry.
As always, keep an eye on the price action!