NZDUSD - Long Possibility
Currency Pair: NZDUSD
Frequency: 4H
Predicted direction: Long
NZDUSD pushed higher to break resistance at 0.74848 since early Sep 2016. After failing to sustain the level, the price has dropped back to the R & S (shown in the graph).
Resistance remains at 0.74946 - 0.5613. Since DXY found a support at 93.25, I expect a correction on NZDUSD to be pushing back to R&S or further drop back to 23.6% Fib level.
However, once the resistance has been broken, then a continuous bullish momentum is expected.
Frequency: 4H
Predicted direction: Long
NZDUSD pushed higher to break resistance at 0.74848 since early Sep 2016. After failing to sustain the level, the price has dropped back to the R & S (shown in the graph).
Resistance remains at 0.74946 - 0.5613. Since DXY found a support at 93.25, I expect a correction on NZDUSD to be pushing back to R&S or further drop back to 23.6% Fib level.
However, once the resistance has been broken, then a continuous bullish momentum is expected.
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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.