NZDUSD Trade Idea
In yesterday's analysis, I discussed about the potential re-test of 0.7240 resistance zone. In yesterday's session, NU created a double top forming a minor resistance at 0.7218 zone. Currently remain neutral bias as there's no clear directional bias within a wide range. Will be monitoring the reaction at 0.7174 support zone, if there's a clear rejection we could expect a bounce back to 0.7240 resistance zone.
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.
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.