Strifor || NZDUSD-28/05/2024
Updated
Preferred direction: BUY
Comment: For the NZDUSD currency pair, we have come close to the resistance level of 0.61670, thereby fixing the previous long target. At this stage, short-term purchases continue to be relevant, and strengthening towards the level of 0.62175 is expected. Of course, overcoming the resistance at the level of 0.61670 will not be the easiest task for the buyer, but most likely, after a short accumulation, the instrument will begin to rise (scenario №1). Also, as an alternative scenario, a preliminary rollback from this level and, after a small correction, another attempt to break up are considered (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: For the NZDUSD currency pair, we have come close to the resistance level of 0.61670, thereby fixing the previous long target. At this stage, short-term purchases continue to be relevant, and strengthening towards the level of 0.62175 is expected. Of course, overcoming the resistance at the level of 0.61670 will not be the easiest task for the buyer, but most likely, after a short accumulation, the instrument will begin to rise (scenario №1). Also, as an alternative scenario, a preliminary rollback from this level and, after a small correction, another attempt to break up are considered (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Note
⚡️New ideas for USDCHF, USDCAD and USDJPY⚡️
Trade closed: stop reached
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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.