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NZDUSD has experienced significant upside and is now poised to rise toward the 1M PP. While the market still has a bearish undertone, it is likely to turn bullish soon. The price has established itself above the 1W/1D resistance levels, which is a promising indication. A key resistance to watch is at 0.601404. As highlighted in the previous analysis, the USD has weakened.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZDUSD has experienced significant upside and is now poised to rise toward the 1M PP. While the market still has a bearish undertone, it is likely to turn bullish soon. The price has established itself above the 1W/1D resistance levels, which is a promising indication. A key resistance to watch is at 0.601404. As highlighted in the previous analysis, the USD has weakened.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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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.
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.