Long

NZDUSD_1D_Buy

Updated

The channel is seen in almost all NZD pairs, I expect a move from down-side to the upper-side of the channel. In addition, I expect a decrease in USD value and increase in NZD value against most counterparts.
What is your idea?

Note

There are two trend line based on previous low and I draw them by two thin green-dashed lines. We can see that the pair reacted to these lines. This may be a sign of descending tendency:

Trade active

rafei

Also on:

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.