NZD/USD Eyes Key Liquidity Zones for Potential Reversal
The NZDUSD is at an strong FVG zone at the higher end near 0.5960-0.6070, marking a major resistance or liquidity area. This zone aligns with the prior HH, making it a critical area for potential reversals or breakouts.
Bullish Scenario: A breakout above 0.5940 targets the strong FVG near 0.6070.
Sustained bullish momentum could confirm a mid-term reversal toward 0.6100 and higher.
Bearish Scenario: A rejection at the strong FVG would target the Major Low at 0.5780. A break below 0.5780 could signal a continuation of the broader downtrend.
Bullish Scenario: A breakout above 0.5940 targets the strong FVG near 0.6070.
Sustained bullish momentum could confirm a mid-term reversal toward 0.6100 and higher.
Bearish Scenario: A rejection at the strong FVG would target the Major Low at 0.5780. A break below 0.5780 could signal a continuation of the broader downtrend.
🚀 Unlock Freemium Indicators, In-Depth Technical Analysis, and Daily Economic Insights –> Join Our Exclusive I.R.M.O.C. Community on Telegram Today! LINK BELLOW 🚀
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.