Strifor || NZDUSD-31/05/2024
Preferred direction: SELL
Comment: The situation with the New Zealand dollar, as well as with the Australian dollar, forces us to freeze all purchases for now and consider more sales. We are targeting the support level of 0.60713, which is where the approach is likely to come in the near future.
A more likely setup is a maximum drop from current prices, especially at the beginning of the American session (scenario №1). Less likely scenario №2 involves growth at the moment to 0.61670, which may just happen against the backdrop of the publication of today's data. The target for the fall is level 0.60713.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The situation with the New Zealand dollar, as well as with the Australian dollar, forces us to freeze all purchases for now and consider more sales. We are targeting the support level of 0.60713, which is where the approach is likely to come in the near future.
A more likely setup is a maximum drop from current prices, especially at the beginning of the American session (scenario №1). Less likely scenario №2 involves growth at the moment to 0.61670, which may just happen against the backdrop of the publication of today's data. The target for the fall is level 0.60713.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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