NZDUSD is in consolidation and preparing to exit it. Ahead is possible breakout of trend support and fall to 0.5757
The reason is as follows: change of fundamentals background (positive signals on tariff war), dollar growth and market reversal.
Scenario: break of consolidation support at 0.5885, price consolidation below this level - this will be a signal ready to start distribution, i.e. downward movement.
Primary target 0.5 fibo, secondary target 0.7 fibo
The reason is as follows: change of fundamentals background (positive signals on tariff war), dollar growth and market reversal.
Scenario: break of consolidation support at 0.5885, price consolidation below this level - this will be a signal ready to start distribution, i.e. downward movement.
Primary target 0.5 fibo, secondary target 0.7 fibo
Trade active
Breakdown
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❤️ Telegram channel: t.me/AndeWave
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.