Nzdusdbreakout
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
NU failed to come up to 0.68 it got close but didn’t quite make it, which also leads me to believe we could still see NZDUSD pop up and retest that key level. NU is really at a make it or break it level right now! We need to watch very closely!
NZDUSD Daily Key ElementsNZDUSD Daily Key Elements
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Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
A very nice push to the upside above resistance as previously anticipated! I thought it would have happened sooner but the lack of volume delayed it.
As you can see in my previous NU idea we have pushed up above that key area of resistance. NZDUSD is looking very VERY interesting now. Still sitting on my hands for the time being until the market picks up a bit.
Remember only novice traders take a trade everyday! NOT EVERYDAY IS GOING TO BE A TRADING DAY! We are traders not gamblers. Sometimes less is more. In times of no market volume just disconnect spend time with loved ones or doing something you love to do. It is good to decompress and come back refreshed.
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
I was expecting more upside movement with NU but it was a bank holiday. It looks like we might be rejecting off resistance but I am not full convinced just yet. It's not wise to get into trades when there is no volume in the market. I will be sitting on my hands for the time being. As always if I see anything worth updating I will let you all know!
NZDUSD approaching resistance, look out for potential reversal!
NZDUSD is approaching its resistance at 0.66542 where it is could reverse down to its support at 0.65652.
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NZDUSD approaching support, potential for a further rise!
NZDUSD approaching support at 0.65951 where it could potentially rise further to 0.66249.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.