NZDUSD within the framework of the rally, which is associated with a strong decline in the dollar, is exiting the ascending channel and testing the resistance at 0.5922.Against the backdrop of the falling dollar, which is associated with economic factors, the New Zealand has good chances to continue to grow. Consolidation of the currency pair above the level will indicate the readiness of the currency pair to continue to grow.
But! Today is quite a day full of economic news. Traders are waiting for Core retail sales & retail sales, as well as Powell's speech at 17:15 UTC. High volatility is possible!
Resistance levels: 0.5922, 0.6038
Support levels: 0.5853
A small correction may be formed from the resistance, but another retest and price consolidation above 0.5922 may be a good signal for both the bulls and us to make decisions. The currency pair has all chances to reach 0.6000
Regards R. Linda!
Trade active
Closing the session above the level will be a good sign. Bulls are trying to consolidate above the level.
Note
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.