NZDUSD Trade Idea
In the previous analysis, I anticipated a double bottom setup on the NU at the 0.6950 minor support zone, which was exactly what the market did. In today's trading session, I will be focusing on short-term buying opportunities with 0.7010 as the support zone. If price stays above the 0.7010 support zone showing clear bullish rejection, I will be looking for potential long opportunities with 0.7010 resistance area as the target. However, if price breaks below the 0.7060 support zone, it could send NU towards the previous swing low at 0.6950 support zone.
Trade safe and be flexible.
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Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
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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.