Dollar Néo-Zélandais / Dollar AméricainMis à jour NZDUSD Trade Idea
In yesterday's analysis, I expected NU to again reject the 0.7220 minor resistance zone for a potential double top reversal setup, which was exactly what the market performed. In today's trading session, I will remain neutral bias as I noticed a squeezing model forming on NU, price is bouncing on-an-off the top & bottom band. There are two setups that I am looking at
1. Another rejection off the bottom band today could indicate potential continuation towards the upside with 0.7220 as the initial target. (Bullish)
2. A violation of the pattern could send NU towards some of the key supports zone such as 0.7109 & 0.7021 levels.
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Another rejection off the bottom band today could indicate potential continuation towards the upside with 0.7220 as the initial target. (Bullish)
2. A violation of the pattern could send NU towards some of the key supports zone such as 0.7109 & 0.7021 levels.
However, do not forget the overall trend on the higher timeframe remains bullish.
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.