Dollar Néo-Zélandais / Dollar AméricainMis à jour NZDUSD Trade Idea
On Friday's (5th Feb) analysis, I talked about the formation of the squeezing model on NU with possible reversal back to re-test the upper band. In yesterday's analysis, I expected NU to violate the upper band with continuation toward the upside which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities after some pullback to re-test 0.7240 or 0.7225 support zones, with 0.73110 resistance zone as the target.
Since early January I've been calling short-term selling opportunities as I've identified a bearish reversal early on. As the uptrend on the uptrend on the higher timeframe (4h, daily, weekly, monthly) in NU is still well-intact, avoid going against the long-term trend. Do check out my previous post if you're keen to learn more about spotting reversals.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Since early January I've been calling short-term selling opportunities as I've identified a bearish reversal early on. As the uptrend on the uptrend on the higher timeframe (4h, daily, weekly, monthly) in NU is still well-intact, avoid going against the long-term trend. Do check out my previous post if you're keen to learn more about spotting reversals.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Note
Previous analysis
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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.