ZXY - Ready for a Breakout in the Kiwi
Updated
Hey mates,
On the weekly chart of the NZD dollar index, we can see it is at a demand zone, a trend line resistance, and a significant fibo level. I am expecting a break to the upside for ZXY within a week's time given solid fundamental data. Keep an eye on all NZD pairs in the month of October, they might break out.
Like, comment, or PM me if you find this useful :)
On the weekly chart of the NZD dollar index, we can see it is at a demand zone, a trend line resistance, and a significant fibo level. I am expecting a break to the upside for ZXY within a week's time given solid fundamental data. Keep an eye on all NZD pairs in the month of October, they might break out.
Like, comment, or PM me if you find this useful :)
Note
The NZD has found support it would seem at the D level. Many pairs are looking like they are ready to reverse as well. Let's see what the coming days have for us.Note
very interesting setup for the NZD index now. Let's see if the New Zealand dollar finds support this week.
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