NZDUSD: 1H analysis
Hi guys
I hope you have used the previous analyzes correctly and have benefited
In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected:
tp1: 0612
tp2: 0.609
tp3: 0.6068
In case of strong crossing of 0.6164 resistance, this analysis is invalid.
I hope you have used the previous analyzes correctly and have benefited
In the nzdusd chart we can see a descending channel where the price shows significant reactions after hitting the ceiling and floor. Now the price is at the ceiling of this channel. 0.6164 resistance is also seen in the same area. We expect the price to move to the following ranges after hitting this area and being rejected:
tp1: 0612
tp2: 0.609
tp3: 0.6068
In case of strong crossing of 0.6164 resistance, this analysis is invalid.
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