NZDUSD → Speculators waiting for news....

4 nov. 2024

NZDUSD is moving into consolidation after a strong and progressive fall amid a halt in the dollar index. Markets are waiting for news related to the US presidential election....



The currency pair amid strong bullish DXY is not practicing attempts to update local highs with the aim of changing the trend to a bullish one. Buyers are not ready yet, and are waiting for November 5...
If Trump is elected, the dollar, supported by a pro-inflationary president, may continue to recover, which, accordingly, will manifest itself in the form of negative dynamics in the currency pair. But, most likely, with the election of a politician from the Democratic Party, the regulators are likely to continue to hold the dovish rate, in which case the NZDUSD will have a chance to change the trend.

Resistance levels: 0.6031, 0.6066
Support levels: 0.5953, 0.5915

Technically, bears continue to hold the dominant position. The area 0.5915, 0.585 is a zone of interest in terms of liquidity formation, thus, there is a high probability of reaching these areas...

Regards R. Linda!

6 nov. 2024

Trade fermée: cible de profit atteinte

Target (0.59152) reached!