NzdUsd H4 - 15.01.24

We suggest you examine our analysis linked to DXY (15.01.24) to understand the economic reasons behind our expectations.

In the coming days, we anticipate a medium-term downtrend after a final upward attempt in the price. Consider entering a sell position within the Fibonacci retracement range of 0.6275 - 0.6297, placing your stop-loss level above the previous peak. According to our assessment, the most optimal stop-loss level is at the price of 0.6380. Our main target level is set at 0.60.