NZDUSD Trade Idea
In yesterday's analysis, I expected NU to have further bearish momentum towards the downside, which was exactly what the market performed. In today's trading session, I'll be favoring short-term selling opportunities with 0.7107 support zone as target, but be aware that the condition is still range bound. If we noticed further bullish momentum breaching 0.7220 minor resistance zone, that will invalidate the short setup.
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Note
Previous analysis
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.
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.