NZDUSD Potential Sell
NZDUSD has high impact news expected tonight at 7pm EASTERN TIME that is about their business confidence.
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would watch this trade closely and try and see if you can get a good candlestick confirmation for entry, preferably before the high impact news at 7PM
I will put the link below for the news site, forexfactory.https://www.forexfactory.com/#closed
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would watch this trade closely and try and see if you can get a good candlestick confirmation for entry, preferably before the high impact news at 7PM
I will put the link below for the news site, forexfactory.https://www.forexfactory.com/#closed
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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.