NZDUSD is at a key zone here and we are seeing a lot of bearish volume come in. We could potentially see price sell down through this support and possibly the ascending trendline.
On the flip side, we could see price bounce from these zones as well for a potential long, but with DXY starting to look up with interest rates increasing in the future, it is more likely it will go down against the USD in the coming months.
On the flip side, we could see price bounce from these zones as well for a potential long, but with DXY starting to look up with interest rates increasing in the future, it is more likely it will go down against the USD in the coming months.
Trade closed: target reached
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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.