We can expect NZDUSD to go higher.
Here's the reason why we believe that's the case.
Chart Analysis
Last Friday(Oct 21), it took out the stops below 0.565 and then rapidly reversed.
Then, it went higher than the recent high.
4 HR chart
In the 1 hour chart, you can see the MAs(SMA9, SMA25) ready to meet and possibly cross over.
1 HR chart
https://www.tradingview.com/x/oWRDhgeu/
It seems to be supported at the 0.618 retracement level.
Seasonal Tendency
Stocks tend to go higher.
So we expect RiskOn (weaker USD)
Here's the reason why we believe that's the case.
Chart Analysis
Last Friday(Oct 21), it took out the stops below 0.565 and then rapidly reversed.
Then, it went higher than the recent high.
4 HR chart
In the 1 hour chart, you can see the MAs(SMA9, SMA25) ready to meet and possibly cross over.
1 HR chart
https://www.tradingview.com/x/oWRDhgeu/
It seems to be supported at the 0.618 retracement level.
Seasonal Tendency
Stocks tend to go higher.
So we expect RiskOn (weaker USD)
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.