NZD/USD Insight: High-Probability Targets for the Week Ahead
Analysis:
From the HTF Weekly Chart, NZD/USD highlights critical price action after a long-term sell-side liquidity raid at the equal lows. A recent bullish candle close above the last down candle and the swept lows suggests potential upward momentum, confirming a likely retracement or continuation higher.
Key Levels to Watch:
Immediate Target:
- Buyside liquidity at 0.60364 (minimum target).
Potential Reversal Zones:
- Bearish breaker at 0.61600, reinforced by a Fair Value Gap (FVG) at 0.61077, making this
breaker a high-probability resistance zone.
Downside Potential:
- If price reacts at the bearish breaker, anticipate a move lower targeting sell-side liquidity at
0.57720, which aligns with the higher timeframe structure.
Price dynamics will heavily depend on how price reacts to intermediate levels, particularly the bearish breaker and its confluence with the FVG.
Conclusion:
- Short-term: Expect price to reach 0.60364.
- Medium-term: A reaction at 0.61600 could lead to a reversal targeting 0.57720.
- Always trade with confirmation at these key zones.
From the HTF Weekly Chart, NZD/USD highlights critical price action after a long-term sell-side liquidity raid at the equal lows. A recent bullish candle close above the last down candle and the swept lows suggests potential upward momentum, confirming a likely retracement or continuation higher.
Key Levels to Watch:
Immediate Target:
- Buyside liquidity at 0.60364 (minimum target).
Potential Reversal Zones:
- Bearish breaker at 0.61600, reinforced by a Fair Value Gap (FVG) at 0.61077, making this
breaker a high-probability resistance zone.
Downside Potential:
- If price reacts at the bearish breaker, anticipate a move lower targeting sell-side liquidity at
0.57720, which aligns with the higher timeframe structure.
Price dynamics will heavily depend on how price reacts to intermediate levels, particularly the bearish breaker and its confluence with the FVG.
Conclusion:
- Short-term: Expect price to reach 0.60364.
- Medium-term: A reaction at 0.61600 could lead to a reversal targeting 0.57720.
- Always trade with confirmation at these key zones.
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